TAP HERE TO SEE IF YOU QUALIFY AND SUBMIT YOUR INQUIRY
(or scroll down to the form down below)
CLICK HERE TO SEE IF YOU QUALIFY AND SUBMIT YOUR INQUIRY (or scroll down to the form down below)
Buyer
- Applicants who have resided in Huntington Park for at least one year shall be given priority over all other applicants.
- You must occupy the property as your primary place of residence.
- You must contribute three percent of the purchase price from your funds.
- You must not have owned a home or been on the title of a home within the last three years.
- You must complete a CalHome Approved Homebuyer Education Class.
- The total gross annual income of the entire household must not exceed 80 percent of the Los Angeles County Area Median Income (AMI).
- The maximum CalHome loan amount will be 40 percent of the Borrower’s purchase price for the property, or up to a maximum of $200,000.
2025
NUMBER OF PERSONS IN THE FAMILY
| Income Limit | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
|---|---|---|---|---|---|---|---|---|
| Low | $84,850 | $96,950 | $109,050 | $121,150 | $130,850 | $140,550 | $150,250 | $159,950 |
Property Guidelines
- The property must be located within the City of Huntington Park’s limits/boundaries.
- The property may be a new or resale single-family detached unit, condominium, townhouse, or manufactured home on a permanent foundation.
- The purchase price may not exceed $650,000, subject to periodic adjustments.
- The property must be occupied by the seller/owner and must not have been vacated within the previous 30 days.
- Occupancy Ratio: No more than 1.5 people per living space (including bedrooms, living room, family room, den/study).
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You must obtain fire and casualty insurance, including flood insurance when applicable, covering the replacement value of property improvements.
Loan Terms
- No monthly payments are required.
- Principal and interest payments shall be deferred for the term of the CalHome Program Loan.
- CalHome program Loans shall be secured by the property or leasehold interest, as applicable.
Prohibited loans and terms:
- Negative Amortization
- Stated Income
- Adjustable Rate Mortgage (ARM)
- Interest-Only Loans
- The Front-End Ratio cannot be below 20 percent or over 38 percent
- The Back-End Ratio cannot be over 45 percent.
Answer these questions to see if you qualify!
Disclaimer: At this time, no documents are required to be submitted. The inquiry form is only to include your name in the raffle. If your name is selected, we will contact you to request the required documentation. The attached items are provided for informational purposes only.
For more information regarding this project, please visit: https://www.azuredevelopmentco.com/amada-homes.html