CDAR Path to Homeownership

 

APPLICATIONS ARE NOW LIVE FOR THE PATH TO HOMEOWNERSHIP!

The application period has now opened for the CDAR Path to Homeownership program! Qualified first-time homebuyers can begin applying by using the links below to apply.

Path to Homeownership – English Application

Path to Homeownership – Spanish Application

The funds available are first-come, first-serve and will be awarded until depleted. For more information on the program and for qualifications, please scroll down to the Qualifications entry on this page. Thank you!

Helping to Achieve the Dream of Homeownership…

The California Desert Association of REALTORS® is proud to announce the launching of the Path to Homeownership program. This program will assist first-time homebuyers with a $2,000 grant for closing costs and down payment assistance on their new home purchase. Applications will be available starting June 1, 2021 for the program. Those who qualify should speak to their California REALTOR® for assistance in applying for the program. The grant money available through the Path to Homeownership program is awarded on a first-come, first-serve basis and will continue to be awarded until all available funds have been depleted.

Program Launch

The Path to Homeownership program launches on June 1, 2021. Applications will be available on this page here, so visit this page on June 1st for the links to the application.

Program Information

CDAR was awarded a grant from the California Association of REALTORS® Housing Affordability Fund, which allowed us to create the Path to Homeownership program. Our program is designed to assist first-time homebuyers in achieving the dream of homeownership by providing $2,000 grants to qualified purchasers for them to use for down payment assistance or closing costs. The available grants will be awarded to qualified recipients until the funds have been depleted.

Program Qualifications

To apply for the Path to Homeownership, buyers must meet the following qualifications:

  • Applicant must be a first-time homebuyer.
  • Homebuyers must use a California REALTOR® in the transaction.
  • Homebuyer must purchase a primary residence in California with the intent to occupy the property as a primary residence.
  • The purchase of the residence must use financing. All-cash purchases will not qualify.
  • The conforming loan on the single-family residence must be at or below the FHA conforming loan limit.
  • Applicant may be approved during the time they are identifying their purchase. The grant will be held for the approved applicant for 90 days only (no extensions).  If the approved applicant is not in escrow within 90 days, the grant will be forfeited immediately and California Desert Association of REALTORS® will process the funds for a new approved applicant.
  • If an approved applicant’s escrow does not close, the funds will be forfeited and returned to California Desert Association of REALTORS® within 5 business days. California Desert Association of REALTORS® will process the funds for a new approved applicant.
  • Grant will be wired directly to escrow company within 3-5 business days.
  • Grants are considered a gift and will not require payback.
  • The grant recipients’ REALTOR® will be encouraged to donate to the California Association of REALTORS® Housing Affordability Fund.
  • The grant recipients’ REALTOR® will be asked to provide a photo to CDAR of the grant recipient(s) in front of their new home, or other appropriate location, for use by CDAR in promotional materials.

For questions about the CDAR Path to Homeownership, please e-mail Annette@CDAROnline.org for more information.