POLICE & FIREFIGHTER DOWNPAYMENT ASSISTANCE PROGRAM
The Police & Firefighter Downpayment Assistance Program provides qualified police officers and firefighters conditional grants of up to $10,000 to be used towards their downpayment and non-recurring closing costs. The conditional grant may be applied to 100% of the borrower's required downpayment and may be forgiven after five years of residency (certain restrictions apply). The program is available throughout the City of Long Beach.
HOW DO I QUALIFY?
To qualify for the program, you must meet the following requirements:
1. You must be a sworn police officer or firefighter employed by the City of Long Beach and have successfully completed probation.
2. You do not currently own a home in the City of Long Beach.
3. You must qualifiy for a fixed-rate or adjustable-rate first mortgage from a private lender.
4. Your household income DOES NOT exceed the following moderate-income limits:
| Household Size | 120% of Area Median Income | | 1 | $50,300 or less | | 2 | $57,400 or less | | 3 | $64,600 or less | | 4 | $71,800 or less | | 5 | $77,500 or less | | 6 | $83,300 or less |
HOW DO I APPLY?
Please click here to download the application. Or you may contact the Long Beach Housing Development Company (LBHDC) at (562) 570-6855. HOW LONG IS THE PROCESS?
After you have completed the application and submitted all supplemental documentation to the LBHDC, staff will need to verify the information and determine whether or not you are eligible for the program. The process time is approximately 10 to 15 working days. If you qualify, a Certificate of Eligibility will be sent to you and/or your lender. |
