SAVE AND SUCCEED!
The IDA Program Is A 4:1
Matched Savings Account
This means you can save up to $1,000.00 and receive a match of $4,000.00. This would give you a total of $5,000.00 for down payment and closing cost assistance.
To participate you must:
-
Be a first time homebuyer.
-
Have earned income.
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Make consistent monthly deposits into the account.
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Save for at least 6-months in the IDA program.
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Participate in Homebuyer Education and Financial Fitness classes.
Income Guidelines as of Janaury 2012
Family Size |
Maximum
Income* |
1 |
$22,340 |
2 |
$30,260 |
3 |
$38,180 |
4 |
$46,100 |
5 |
$54,020 |
6 |
$61,940 |
7 |
$69,860 |
8 |
$77,780 |
|
To qualify for the IDA program you need to have an income equal to or less than the maximum income for your family size.
If you over-qualify we still have programs that could service your needs. |
