The Town of Parker is pleased to announce that it is a participating in the Metro Mortgage Assistance Plus Program. This is a special grant program for low and moderate income individuals and families that seeks to bring the dream of home ownership within reach.
Funds for a down payment are often a barrier to home ownership. This program can help with down payment and closing cost assistance of up to 4% of the loan.
You do not need to be a first time home buyer to participate in this program, however, applicants must occupy the home as a primary residence and meet specific income, debt and credit factors. To qualify, a family must earn less than $91,100 for households of two or fewer persons (and less than $103,000 for three or more).
The program is funded through a revolving pool of $15 million in funding, through about December 2014. Assistance will be provided on a first-come, first-served basis.
To participate, contact a participating lender, tell them that you’re interested in the “Metro Mortgage Assistance Plus Program,” and begin the process today to become the metro area’s newest homeowner!
For more information on the program please visit www.parkeronline.org/MMAplus.