Homebuyer

Mortgage Assistance Program (MAP)

The County's MAP provides silent second loans to assist low income first-time homebuyers, with annul incomes not to exceed 80% of the Area Median Income (AMI). The loans are designed to help pay for down payment and/or closing costs to purchase a home. The 3% simple interest, deferred payment loan has a term of 30 or 45 years depending on the funding source, and a maximum loan amount of $40,000. Homebuyers must occupy the property as their primary residence. There is a 1% minimum down payment required for this program and the total sales prices shall not exceed 85% of the Orange County median sales price for all homes, which as of October 2004 is $454,750 (85% of $535,000). All applicants are required to attend a homebuyer education workshop.

For additional information on MAP or to get pre-qualified, please contact Affordable Housing Clearinghouse (AHC), the County's non-profit service provider, at (949) 859-9255.