CA First Time Home Buyer Program
Hawthorne Real EstateMust be moderate income household.
House to be purchased must be within the City of Hawthorne.
Must qualify for a fixed-rate trust deed from an institutional
Must not have owned a house in the last three years.
Must have a minimum three percent (3%) down payment.
Maximum purchase price for a single family house is $500,650
Maximum purchase price for a condominium is $398,050
Assistance: Deferred loan up to $80,000.
Structures: New or existing detached single family houses,
townhouses, and condominiums
Loan: Down payment [in addition to (3%) provided by applicant,
non-recurring closing costs, including points, and mortgage
Rate/Term: Zero Percent (0%) interest rate, thirty (30) year
Promissory Note and a Deed of Trust
Loan repayment deferred until the earlier of maturity of loan
[thirty (30) years], sale or transfer of property; property
ceases to be owner-occupied, or repayment or refinancing of
the goal of the Hawthorne City Council to:
homeownership opportunities in the City.
Improve the condition of housing through the pride of homeownership.
Preserve existing rental and owner-occupied housing resources.
Increase access to the communitys existing housing resources.
Eliminate physical barriers for disabled persons.