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City of Salem FIRST TIME HOMEBUYER Down payment ASSISTANCE LOAN PROGRAM Kimberley Driscoll Mayor Tom Daniel, ICP Director, Scythe First-time Homebuyer Down payment Assistance Loan Program (FFHB) is

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What is first-time homebuyer downpayment?

First-time homebuyer downpayment is the initial payment made by a first-time homebuyer towards purchasing a home.

Who is required to file first-time homebuyer downpayment?

First-time homebuyers who are purchasing a home for the first time are required to file the downpayment.

How to fill out first-time homebuyer downpayment?

To fill out the first-time homebuyer downpayment, the buyer needs to submit the required payment to the seller or lender.

What is the purpose of first-time homebuyer downpayment?

The purpose of the first-time homebuyer downpayment is to secure the purchase of the home and show commitment from the buyer.

What information must be reported on first-time homebuyer downpayment?

The amount of the downpayment, the method of payment, and the date of payment must be reported on the first-time homebuyer downpayment.

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