• The home buyer must have at least 1% from their own funds to pay portions of the down payment and closing costs of the total purchase price of the home.

• Buyers can purchase a Single Family Property (SFP) and/or a 1-4 UNIT properties.

• The buyer's LIQUID ASSETS (e.g. cash savings, certificate of deposits, money market accounts, etc.) may not exceed HART's maximum gift amount.
• LOW to MODERATE INCOME and should be able to demonstrate their need for financial assistance.

• The buyer must OCCUPY the property as their primary residence.

• The buyer's EDUCATION may be a requirement.

• You do not have to be a 1st time homebuyer to qualify.

• Homebuyers will need to complete a PRE-PURCHASING COUSELING meeting.

 SELLERS CONTRIBUTION AND INFORMATION:

• The home sellers participation is required in the HART / FHA loan program.

• The seller must agree to make a contribution in the amount of the borrowers gift to the HART program, and 

 HART CONTRIBUTIONS / NO REPAYMENT: 

• Hart will contribute maximum gift fund of up to $15,000.  This amount can be used towards the down payment, closing cost, or debt that a underwriter has allotted to be paid through escrow. The down payment assistance provided is a gift and does not need to be repaid.