The Waterloo Community Development is now taking applications for the 2020/2021 Homebuyer Assistance Program. The Homebuyer Assistance Program is set up to help low to moderate-income eligible households with homebuyer and closing cost assistance to purchase their first home. The Waterloo Community Development will provide up to a maximum of $10,000 in Homebuyer Assistance after seller concessions and lender credits.
Funds are available on a first come, first served basis. The assistance is in the form of a 0% interest deferred forgivable loan.
To participate , the borrower is required to provide a minimum contribution of $1,000 towards the purchase price of the home.
Escrow funds, professional inspections, and other items paid outside of closing by borrower may count towards the borrowers minimum contribution.
To learn more about this program, https://www.cityofwaterlooiowa.com/departments/community_development/housing_partnership.php
To apply visit-