The Employer Mortgage Assistance Program (EMAP) provides downpayment and closing cost assistance in the form of a second mortgage for homebuyers who are employed with a Participating Employer.
The interest rate for EMAP Loans is 2.0%. EMAP Loans have level monthly payments and five (5) year terms. Loan amounts range between $600 and $6,000.
For homebuyers receiving a First-time Homebuyer Program loan, the EMAP Loan is subject to the same Income and Purchase Price Limits as the First-time Homebuyer Program.
Payments for EMAP Loans are included with your regular monthly house payment if you have also used SDHDA's First-time Homebuyer Program.
Buying a home is one of the most important purchases many people will make. That is why SDHDA strongly recommends individuals attend a Homebuyer Education class before they purchase their first home. Click here for more information on Homebuyer Education.
Click here for a printable list of Downpayment Assistance Income and Purchase Price Limits. (.pdf format)
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