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What is the AHA providing? We give homebuyers acquisition cost assistance grants of up to $15,000. The funds are a gift and never need to be repaid. The individual homebuyer's needs are determined by the Lender who requests the funds from us. The acquisition costs may include a down payment, closing costs, debt clearing, interest rate buy-down or any combination that the Lender may allow.
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Do I qualify? All Buyers qualify if they are approved by a Lender that accepts gift funds from a charitable organization such as the AHA for the Buyer to use for acquisition costs. The only other restriction is that the homebuyer must purchase an Eligible Home. An Eligible Home is one that is safe and of sound construction, meeting the Lender's guidelines, and the Seller/owner agrees to participate in the AHA program.
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