City of San Angelo Affordable Housing Assistance Program (AHAP)
City of San Angelo Affordable Housing Assistance Program (AHAP)
Program Category
Down Payment Programs
Max Amount
Up to $26,000
40% of Purchase Price
40% of Purchase Price
Contact Info
325-655-0824 Mauri Rodriguez Senior Program Coordinator mauri.rodriguez@cosatx.us
Program Details
Buyer contribution type
$
Income calc method
First mortgage types
Freddie Mac,Freddie Mac Home Possible,Fannie Mae,Fannie Mae HomeReady,FHA 203(b),VA
First mortgage terms
Fully Amortizing,Fixed Rate,20-year,25-year,30-year
Property types
Single Family Detached
Repayment triggers
Sale of the home
Change of occupancy
Death of Borrower(s) unless transferred to a qualifying family member.
Upon refinance of the 1st mortgage unless SADC agrees to subordinate.
Loan Forgiveness
Fully
Program Guide
Guidelines:
https://www.cosatx.us/home/showpublisheddocument/36214/638387667805870000Flyer:
https://www.cosatx.us/home/showpublisheddocument/36684/638326031197930000Limitations
Applicants must be U.S. Citizens or permanent legal residents.
New construction home must be located in a targeted neighborhood, meet minimum standards established by the San Angelo Development Corp.(SADC).
All homebuyers must FIRST be approved for a minimum $60,000 mortgage through a local participating lending institution.
Applicants must reside in the City of San Angelo for a minimum of one year, or be currently employed with a local San Angelo business, the City of San Angelo, Tom Green County, or the San Angelo Independent School District for a minimum of one year.
New construction home must be located in a targeted neighborhood, meet minimum standards established by the San Angelo Development Corp.(SADC).
All homebuyers must FIRST be approved for a minimum $60,000 mortgage through a local participating lending institution.
Applicants must reside in the City of San Angelo for a minimum of one year, or be currently employed with a local San Angelo business, the City of San Angelo, Tom Green County, or the San Angelo Independent School District for a minimum of one year.
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