Making your WISH come true
A down payment assistance program
1Must qualify. Subject to credit approval, program availability, terms and conditions. Restrictions apply. Limited time and while supplies last. Down payment percentage is calculated as the difference between the lesser of the purchase price or appraised value of the home and loan amount. Grant amount dependent on borrower contribution. Maximum match amount of $30,806, amount shown above has been rounded. Enrollment in the WISH Program is not a guarantee to the homebuyer of receipt of funds. The grant recipients must sign a Promissory Note, Deed of Trust and Rider to the Deed of Trust and there will be a lien placed against the subject property for the amount of the grant that will remain on the property for five years.
2Must be 18 years of age or older and earning a wage. Property must be located in Arizona or Texas. Primary Residence only. Restrictions and further qualifications apply. Contact TruWest Credit Union for full first-time homebuyer qualifications.
3Annual income limit is combined household annual income. Annual income is determined at the time of enrollment in the WISH Program, and based on income eligibility guidelines published by Federal Home Loan Bank of San Francisco and is at or below 80% of the HUD area median income.
4Must qualify as a TruWest member with a minimum $5 membership deposit and continuing balance. All loans are subject to application, approval, credit and product/program terms and conditions. Programs, rates, restrictions, terms and conditions are subject to change without notice. Other restrictions may apply. This is not an offer for extension of credit or a commitment to lend. Not all applicants will qualify. This is an advertisement.
5The amount owed will decrease by 20% for each year the borrower retains homeownership of the property as their primary residence. No payments
toward the grant are due as long as the homebuyer resides in the property and abides by the terms of the grant and the loan. The grant must be paid
back if the property is sold or refinanced. After five (5) years, the grant is forgiven and the lien is released from the property.
6Example shown above has been rounded. To receive the maximum contribution of $30,806, the borrower must contribute $7,701.50 which would result in $38,507.50 available for home purchase.