Shared Equity Agreements For First-time Buyers In San Jose

State:
Multi-State
City:
San Jose
Control #:
US-00036DR
Format:
Word; 
Rich Text
Instant download

Description

In equity sharing both parties benefit from the relationship. Equity sharing, also known as housing equity partnership (HEP), gives a person the opportunity to purchase a home even if he cannot afford a mortgage on the whole of the current value. Often the remaining share is held by the house builder, property owner or a housing association. Both parties receive tax benefits. Another advantage is the return on investment for the investor, while for the occupier a home becomes readily available even when funds are insufficient.


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

Empower Homebuyers SCC is a program of the County of Santa Clara administered by Housing Trust Silicon Valley. Funded by the Measure A Affordable Housing Bond, it provides down payment assistance loans to first-time homebuyers in the County.

Empower Homebuyers SCC is a program of the County of Santa Clara administered by Housing Trust Silicon Valley. Funded by the Measure A Affordable Housing Bond, it provides down payment assistance loans to first-time homebuyers in the County.

Happy homebuyers. Getty Images. Some first-time homebuyers in California are about to get some much needed help from the state. This year's version of a state-funded program called Dream for All is offering up to $150,000 per buyer to help with expenses associated with buying a home.

Happy homebuyers. Getty Images. Some first-time homebuyers in California are about to get some much needed help from the state. This year's version of a state-funded program called Dream for All is offering up to $150,000 per buyer to help with expenses associated with buying a home.

Eligibility. One borrower must be a first-generation homebuyer. All borrowers must be first-time homebuyers. Income must meet CalHFA Income Limits for the county you are purchasing in.

Happy homebuyers. Getty Images. Some first-time homebuyers in California are about to get some much needed help from the state. This year's version of a state-funded program called Dream for All is offering up to $150,000 per buyer to help with expenses associated with buying a home.

Florida Housing offers a Homebuyer Program that offers 30-year fixed rate first mortgage loans to first time homebuyers through participating lenders and lending institutions throughout the State of Florida.

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Shared Equity Agreements For First-time Buyers In San Jose