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Homeownership in Antioch is just AHOP, skip, and jump away!
All AHOP participants will be required to have a certificate of completion for a six hour HUD certified homebuyer education course prior to submitting an AHOP application to BAAHA. The City of Antioch is scheduling to conduct its first HUD homebuyer education workshop sometime in February.
Please make certain to register with BAAHA to receive updates on upcoming homebuyer education seminars AHOP participants may secure a Homebuyer Education Certificate of completion from any HUD approved organization. A list of such organizations can be obtained at BAAHA’s website: http://www.myhomegateway.org/hud-certified-counseling-agencies.html
or from HUD’s website located at: https://apps.hud.gov/offices/hsg/sfh/hcc/hcs.cfm?webListAction=search&searchstate=CA
Are you ready to participate in the AHOP Down Payment Assistance Loan Program (DALP)?
In order to participate in AHOP DALP you must be ready to buy a home. Considerations to determine your purchase readiness include:
With an increase in income with personal debt:
Should you be taking advantage of homebuyer education and counseling?
One of AHOP’s main objectives is to help people who rent and/or work in Antioch to become
homeowners. Securing homeownership is a complex and challenging task – especially if you
are a first time homebuyer. The best way to prepare yourself is through homebuyer education
and counseling. Education and counseling can help you better understand the requirements,
steps, strategies, as well as the resources, and services available to you to advance your efforts.
HUD approved homebuyer education:
AHOP will be offering access to a series of homebuyer education classes to the public throughout 2020. We will be publishing a schedule of classes up to 45 days prior to the scheduled class date. The dates will be published on BAAHA’s AHOP website www.myhomegageway.org/AHOP. HUD approved homebuyer education certificates are required to apply and use the AHOP subsidies. You are required to either spend a day at the eight hour HUD approved class or take an approved on-line course to earn your education certificate. Some of the specific topics the class covers include:
HUD approved homebuyer counseling:
One-on-one counseling allows you use the knowledge you gained from education to gain further insight into steps, strategies, services, and resources you should incorporate and apply to achieve your goal of home ownership. A counselor will help you establish a personalized home purchase plan that works best for you.
Securing Down Payment Assistance Funds
AHOP DALP funds are provided on a first-come-first-served basis. Subsidies are only available to households that meet Program guidelines and fulfill all Program underwriting requirements. Guidelines and underwriting requirements are set up to help prevent Program abuses and to make certain that the City is fulfilling their Program objectives. AHOP’s administrator will scrutinize all information provided by AHOP applicants to make certain that all AHOP guidelines, parameters, and protocols are met.
To participate in the AHOP DALP you must:
The City and BAAHA hope to be able to provide up to 30 DALP loans over the following 18 months. If the City runs out of funding, it will place the approved applicant on a wait list. All approved active applicants will initially have sixty (60) days to locate a property once they are approved. Active applicants include households who are earnestly pursuing (including actively submitting offers) to purchase a home. Upon finding the property, the City will provide up to an additional sixty (60) days to close the purchase transaction. Additional extension may be granted on an individual case-by case basis.
The City and BAAHA plan to have AHOP subsidies become available sometime after the third (3rd) week of February 2020. You and your real estate team should plan your purchase transactions accordingly. We anticipate that it will take up to forty five days to close a real estate transaction if you are using AHOP DALP subsidies. This process could even be further delayed as we go through our first few AHOP transactions.
What are my next steps to participate in AHOP?
Need More Information or Assistance?
Visit www.myhomegateway.org/AHOP to learn more about how to take access the resources and services that AHOP offers homebuyers, and to view upcoming AHOP HUD certified homebuyer seminars, please. The most effective way to get answers to your questions is to email us at AHOP@myhomegateway.com. Alternatively, you can call us at (800) 480-9020 x 556.
AHOP applicants must complete a HUD certified education course and provide a copy of their HUD Homebuyer Education Certificate at the time they submit their Program Application.
AHOP applications will be made available on the BAAHA website after the first AHOP Homebuyer Education Seminar is conducted – to be scheduled in May of 2020.
To learn more about the next steps you should take to access the valuable resources and services made available through AHOP, make certain to attend an AHOP homebuyer education.
The February 8th Seminar is FULL
Please click here to be notified about the next available seminar. It is not mandatory to attend the workshop; however, we highly recommend that you attend to learn about the guidelines, parameters, and steps you will need to take to become an AHOP homebuyer participant.
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