Vista Program

• Is a Silent 2nd mortgage for up to the lesser of $40,000 or 80% of the property value
   
• Can be applied to down payment or non-recurring  (one time) closing costs
   
• Household income limited to 80% of the Area Median Income (AMI).
   
• Home must be in good state of repair - An obvious fixer-upper probably would not qualify
   
• Buyers need to contribute $3,000 of their own funds as down payment.
   
• Household assets cannot exceed $100,000 before the purchase or $6,000 after the close of escrow
   
• In addition to detached houses and condos, this program can be used to purchase an owner-occupied duplex (2-unit property)
   
• Completion of a HUD-Approved Course is required

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