The IML Real Estate Blog

Foothill Ranch Housing Rehabilitation Loan Program

July 30th, 2010 5:46 PM by Dave Gubler

Foothill Ranch - Housing Rehabilitation Loan Program

Looking To Spruce Up Or Repair Your Foothill Ranch Home?

If you own a home in Foothill Ranch (or Lake Forest for that matter) you may be eligible for the City's Housing Rehabilitation Loan Program. This loan program offers zero-interest deferred loans for home repairs and improvements.

Homeowners may receive up to $30,000 for home improvement items. Mobile home owners may receive up to $15,000. There are no monthly payments on the loan. The total principal payment is due at the time of sale or transfer of title/ownership. Additionally, a 3% loan that has amortized payments over a fifteen (15) year period is available if you would like to make payments.

Eligible Repairs
Eligible repairs include roofing, windows, exterior and interior painting, plumbing, electrical, energy/weatherization items, garage doors, and other common home repairs. Income limits (see table below) and other qualifications apply.

- applicants must live on their property
- may not have previously received a rehabilitation loan
- must have sufficient equity on the home
- cannot exceed the asset limitations

Income Requirements
Your current income and last two (2) years of income may not exceed:

1 $64,790
2 $74,030
3 $83,270
4 $92,510
5 $99,880
6 $107,360

If you have any questions regarding the Housing Rehabilitation Loan Program, or would like to request an application, please call the city at 949-461-3473.

Search Online For Your Ideal Orange County Home Short Sales - Visit Our All About Short Sales Page

Dave Gubler / IML Real Estate


Facebook Link Subscribe To Our RSS Feed Linkedin Link Link to IML Real

"Referrals are Sending Someone You Care about, to Someone You Trust!"
Please forward this blog post to someone that will appreciate it!

Posted in:General
Posted by Dave Gubler on July 30th, 2010 5:46 PM



My Favorite Blogs:

Sites That Link to This Blog:

IML Real Estate

26561 Carretas
Mission Viejo, CA 92691