Home$tart Program

Who can qualify for a Home$tart grant?

The Home$tart program is available to qualifying first time home buyers earning up to 80 percent of area median income for the location of the residence being purchased. Income limits are adjusted based on household size. Home$tart recipients must also:

You must have a signed Purchase and Sale Agreement to enroll in Home$tart.

How do I enroll in Home$tart?

Contact one of our mortgage lenders today to see if you are eligible for this special opportunity.

Are there any restrictions on the type of home I may purchase?
Home$tart grants may be used to purchase single-family homes, manufactured homes, condominiums and other types of residences. The home you purchase must be used for your primary residence. There are no neighborhood restrictions (i.e., type or location).

Are there restrictions on how the grant may be used?
Home$tart grants may be used for down payment and closing costs for purchase of a home.

What happens if I sell my house?
If your home is purchased with Home$tart assistance, it is subject to a five-year deed restriction requiring that you return a portion of the grant if you sell your home within five years. This amount will be prorated based on the length of time you own the home, and the funds will be taken from your sale proceeds. If you sell your home at a net loss or to another low- or moderate-income home buyer or if you lose your home through foreclosure, the prorata amount owed on your grant will be forgiven; in these cases, your title company should contact Clear Lake Bank & Trust to request a forgiveness review. However, if you live in the home for at least five years, you never have to repay the grant. It’s all yours!

Resource Guide for Home Buyers

Contact one of our mortgage lenders today to see if you are eligible for this special opportunity!