CDAR Path to Homeownership

 

WE HAVE ONE GRANT REMAINING – THE APPLICATION PROCESS HAS RE-OPENED AS OF MARCH 1, 2022

We once again have one grant remaining to award for the CDAR Path to Homeownership. The process re-opened on Tuesday, March 1st. We are only accepting completed applications – this means all documents must be included in the submission. Incomplete submissions will not be considered nor put forth to the Task Force until all documents have been received. As we only have one grant left to award, the completed applications will be put forth to the Task Force on a first-come, first-served basis.

CDAR Path to Homeownership Application (English Language)

CDAR Path to Homeownership Application (Spanish Language)

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. 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 Re-Launch

We have one grant remaining to be awarded through the CDAR Path to Homeownership grant program. You can apply on behalf of your qualified first-time homebuyers who meet all criteria and submit all required document via our Path to Homeownership page. Grants are available only on a first-come, first-served basis to those that qualify and submit all documents required. Once any remaining grants have been awarded, applications will no longer be accepted.

The following criteria must be met for the remaining grants through the CDAR Path to Homeownership program:

  • Applicants must meet all criteria for the program as listed in the Qualifications section. Any application that does not meet the base requirements of the program will not be considered
  • Incomplete applications will not be considered. Applications must be submitted in full, with all required documentation:
    • copy of lease agreement or letter explaining living situation
    • detailed lender letter with DU approval
    • letter from lender verifying applicant is first-time homebuyer
    • buyer closing estimate from escrow
    • loan estimate from lender
  • If you submitted an application prior to the March 1st application re-opening date, you must re-submit your application in full through the application portal. Prior submitted applications will not be considered
  • Applications will only be accepted sent via the application portal. Any applications or documentation sent outside of the application portal itself (i.e. sent to CDAR staff) will not be considered

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.