Home Ownership

If you are a Section 8 Voucher holder, you may be eligible for the Section 8 Home ownership 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 home ownership come true!

SEMMCHRA’s 2018 allocation for loans to first-time homebuyers is now available. 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: $80,400; 3+ persons: $92,400). For more information or to obtain a list of   participating lenders, please click here.