Example of how the 4 to 1 matching grant works:
Amount of money borrower has in savings and contributes to purchase: $7,500
Amount of money WISH matches (4 to 1): $30,000
Total money for home purchase: $37,500
80% of Area Median Income for Orange County (will vary by county)
(subject to change)
| Household Size | Income |
|---|---|
| 1 | $88,400 |
| 2 | $101,000 |
| 3 | $113,650 |
| 4 | $126,250 |
| 5 | $136,350 |
| 6 | $146,450 |
| 7 | $156,550 |
| 8 | $166,650 |