Middle Income Homebuyer Program
Discover the Middle-Income Program from Valley First
Dreaming of owning your own home? We can help you make it possible. For households with incomes above 80.01% of the local median, there's up to $50,000 in housing assistance available. Let's turn your dream into a reality together.
The $11 million Middle-Income Down Payment Assistance program allocation will launch later in 2026.
Benefits of the Middle-Income Program
Grant up to $50,000
Minimum contribution of $10,000
FAQs
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How do I know if I am eligible?
These are the current eligibility requirements:
- Must be a first-time homebuyer, as defined by the U.S. Department of Housing and Urban Development (HUD).
- The homebuyer has successfully completed a HUD approved homebuyer counseling program.
- Homebuyer must obtain his/her primary mortgage financing from Valley First Credit Union.
- Household income is between 80.01% and 140% of the HUD Area Median Income (AMI).
- Homebuyer must make a minimum contribution of $10,000, which may come from savings or gifted funds.
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What is the HUD Area Median Income?
HUD sets AMI guidelines based on the homebuyer’s Metropolitan Statistical Area (MSA) at purchase.
Three factors determine Area Median Income (AMI):
- Metropolitan Statistical Area (MSA) of purchase property address.
- Number of people in the household.
- Use the most recent year’s income limits.
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Are there retention requirements?
There are no retention requirements for this program.
Valley First Credit Union (VFCU) is a Community Development Financial Institution (CDFI) as designated by the U.S. Department of the Treasury. As an Equal Housing Lender, we do business in accordance with Federal Fair Lending Laws. All loans are subject to approval. Certain conditions & fees apply. This is not an offer to extend credit to any individual who may be entitled to a more complete disclosure per RESPA, TILA, HOEPA, or any other more applicable federal, state, or local law or regulation. Rates, terms, fees, products, programs, and equity requirements are subject to change without notice. Down payment assistance is available for qualified and eligible borrowers. Enrollment in the WISH and Middle-Income Downpayment Assistance Program does not guarantee the homebuyer's receipt of program funds. Subject to the availability of grant funding. Other criteria/requirements apply. Please feel free to see us for details.