ANAHEIM : First-Time Buyers Eligible for Loans
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First-time condominium buyers in Anaheim may be eligible for low-interest loans through the city.
The loans, in amounts up to $25,000, are for 30 years at 5% interest. There are no interest or principal payments due until the home is sold, refinanced or no longer occupied by the owner.
Home buyers need to come up with at least 5% of the down payment. To be eligible for a loan, buyers cannot earn more than 80% of the county median income, which is $35,700 for a family of four.
Interested home buyers may contact the Community Development Department for more information at (714) 533-8750.
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