Avenue CDC Houston Neighborhood LIFT

Avenue CDC Houston Neighborhood LIFT

Program Category

Down Payment Programs

Max Amount

Up to $15,000

Agency Website

Contact Info

houstonlift@avenuecdc.org 713-864-9099

Program Details

Buyer contribution type

Income calc method

Qualifying (1003) Income

First mortgage types

Freddie Mac,Freddie Mac Home Possible,Fannie Mae,Fannie Mae HomeReady,FHA 203(b),FHA 234(c),VA,USDA / RD

First mortgage terms

Fully Amortizing,Fixed Rate,15-year,30-year

Property types

Single Family Detached, Condo, Co-Op, Townhome/PUD, Manufactured Home

Repayment triggers

Sale of the home Change of occupancy Transfer of title

Loan Forgiveness

Fully

Program Guide

Eligibility Questionnaire:
https://www.avenuecdc.org/lift/eligibility/

Limitations

If you currently own a home but will be selling it prior to closing on the NeighborhoodLIFT property, you can still be eligible for the program.

At the time of closing, you may not own any additional properties including investment properties.

Homebuyer education must be completed with a certificate prior to submitting a request for NeighborhoodLIFT down payment assistance.