The Housing Foundation currently has funds earmarked and available for immediate distribution to aide Santa Cruz County families in becoming homeowners through our Closing Cost Grant and HOA Dues Assistance Grant program.
Please review the steps below to apply for one of our grant programs and contact us 831-464-2000 or andrea@mysccar.org if you have any questions. For information on other housing programs for which you may be qualified,
click here.
Step 1: Review eligibility requirements to ensure you or your client qualify.
Step 2: Call SCAOR at 831-464-2000 to find out if funds are available for disbursement.
Step 3: Download and fill out either the Closing Cost Grant application (link to that page) or the HOA Dues Assistance Grant Application (link to that page).
(work with your loan officer in filling this out and filing the application with other loan documents required for home purchase).
Step 4: Loan officer sends grant application along with other required documentation to the Santa Cruz County Association of REALTORS®. The Housing Foundation Program grant reviewers will review the application within 5 business days of receiving.
They will contact your loan officer and let them know if the application has been approved, denied or is in need of additional information.
Once a Closing Cost grant has been approved, a check will be requested from the SCAOR Housing Foundation. The check will be sent to the title company to hold in escrow.
The funds are a Grant which will be deposited directly into escrow which will be credited towards the recurring/nonrecurring closing costs on a purchase of a specified property (in contract) not to exceed the grant amount. There is to be NO reimbursement of these funds. If the escrow falls through for any reason, the funds are returned directly to the SCAORHF.
Once an HOA Dues Assistance Grant has been approved, funds will be disbursed after the transaction has closed and we have received the HUD-1.
Please note: The Buyer is not required to pay back either Grant amount at any time.
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