If you are a Section 8 Voucher holder, you may be eligible for the Section 8 Homeownership Program. The Rental Assistance Voucher can be used toward a monthly mortgage payment. Interest rates are relatively low, and now is the time to make your dream of homeownership come true!
SEMMCHRA’s 2020 allocation for loans to first-time homebuyers will be available in early 2020. If you are a first-time homebuyer or have not owned a home in the last three (3) years, you may qualify. The minimum requirements are buyers must have a minimum credit score of 640 and must meet income guidelines (1-2 persons: $88,600; 3+ persons: $101,800). For more information or to obtain a list of participating lenders, please click here.