California First Time Buyer Grants
I'm not sure if these are accurate or currently available but one of my loan officer friend sent this list and I thought I would pass it along.
Some of these might be grants, some might be loans, and some might be old and obsolete. I know, if I am working on a loan for a first time buyer, as a loan officer I always check and see if there are applicable programs available and if so what factors that program has. Sometimes it works out well - other times my clients are glad I read the fine print.
For instance, the city of Concord has a grant program for first time buyers. I pulled the information and on the surface it looked good. "a zero-interest, 45-year loan" You can't argue with ZERO % right?
Down the page a bit I found these...
- "The City loan carries shared appreciation when the home is sold."
- "When you notify the City of your intent to sell or transfer your FTHB home, the City of Concord has the option to designate an eligible purchaser who meets the income requirements of our FTHB program. This enables the City to meet 2002 requirements of Community Redevelopment Law, which requires this FTHB property to remain affordable for a total of 45 years."
- "There are resale restrictions recorded on the deed to the FTHB home. The Resale Restriction Agreement limits the sales price of your house when you sell. When you are ready to sell the home, the City will calculate the maximum future resale price, which is not equal to the full market value."
Suddenly ZERO % doesn't sound so perfect anymore does it?
So take it with a grain of salt but here are some possible programs that might help the new homeowner...
| Alameda Down payment Assistance Program (DAP) | $10,000 | (510) 749-5824 |
| Anaheim Home Program (HOME) | $35,000 | (714) 765-4340 |
| Anaheim Police Residence Assistance Program (PRAP) | $20,000 | (714) 765-4340 |
| Anaheim Second Mortgage Assistance Program (SMAP) | $25,000 | (714) 765-4340 |
| Brentwood Police Officer Recruitment Incentive Program (BPOAP) | $28,500 | (925) 516-5195 |
| California Gold Taxable MRB Second Mortgage Loan Program (SML) | $25,000 | (916) 444-2615 |
| California School Facility Fee Down Payment Assistance Program (DPA) | $25,000 | (916) 322-1353 |
| Campbell Deferred Second Loan Program (DSLP) | $50,000 | (408) 299-5142 |
| Chico Mortgage Subsidy Program (MSP) | $20,000 | (916) 895-4862 |
| Citrus Heights First Time Home Buyer Program (FTHB) | $20,000 | |
| Coalinga Downpayment Assistance Program (DAP) | $6,400 | (559) 935-1533 |
| Concord First Time Homebuyer Program (FTHB) | $25,000 | (925) 671-3325 |
| Costa Mesa Homebuyer Assistance Program (HAP) | $40,000 | (714) 754-5692 |
| Culver City Mortgage Assistance Program (MAP) | $60,000 | (310) 253-5780 |
| Del Norte/Humboldt Yurok Indian Housing Authority Downpayment Assistance Gift | $40,000 | (707) 482-1506 |
| Dinuba Homebuyer Assistance Program (HAP) | $20,000 | (559) 591-5900 |
| Dixon Down Payment Assistance Program (DPA) | $40,000 | (707) 678-7000 |
| El Cajon 120% First Time Homebuyer Program (FTHB) | $60,000 | (619) 441-1768 |
| El Cajon 80% First Time Homebuyers Program (FTHB) | $60,000 | (619) 441-1768 |
| El Monte Down Payment Assistance Program (DPAP) | Max 22% | (626) 580-2070 |
| Emeryville First Time Homebuyer Program (FTHP) Moderate Income | $71,025 | (510) 596-4316 |
| Fairfield City-Wide In-fill Housing Silent Loan Program (FSLP-2nd) | $50,000 | (707) 428-7457 |
| Fairfield City-Wide In-Fill Housing Silent Loan Program (FSLP-3rd) | $50,000 | (707) 428-7457 |
| Fremont Adams Ave Home Project Second Mortgage (SM) | $207,926 | (510) 494-4520 |
| Fremont First Time Homebuyer Programs (FTHB) | $40,000 | (510) 494-4506 |
| Fresno CalHome Mortgage Assistance Program (MAP) | $30,000 | (559) 262-4292 |
| Fresno County Downpayment Assistance Program (DAP) | $4,000 | (559) 262-4292 |
| Fresno County- Economic Opportunities Commission (FCEOC) Refugee Individual Development Account (IDA) | $6,000 | (559) 263-1065 |
| Fresno Downpayment Assistance Program (DAP) | $4,000 | (559) 498-4815 |
| Grand Terrace Affordable Housing Program (AHP) | $25,000 | (909) 825-3825 |
| Hanford Home Sweet Home Program (Home) | $20,000 | (559) 585-2587 |
| Hawthorne First Time Homebuyer Program (FTHP) | $80,000 | (310) 970-7086 |
| Hayward First Time Homebuyer Program (FHP) | $11,000 | (510) 583-4244 |
| Hesperia First Time Homebuyer Downpayment Assistance Program (DAP) Scott McGookin | $20,000 | (760) 947-1907 |
| Imperial First Time Home Buyer Program (FTHB) | $20,000 | (760) 355-4373 |
| La Quinta Home Purchase Program (HPP) | $85,000 | (714) 541-4585 |
| Lincoln Homebuyer Mortgage Program | $40,000 | (800) 995-0431 |
| Livermore Down Payment Assistance (DAP) Deferred Payment Third Loan | $20,000 | (925) 373-5699 |
| Livermore Down Payment Assistance Program (DAP) Ten Year Amortization Second Loan | $20,000 | (925) 373-5699 |
| Long Beach Housing Development Company Downpayment Assistance Program (DAP) | $10,000 | (562) 570-6949 |
| Los Angeles County Home Ownership Program (HOP) | $60,000 | (213) 890-7248 |
| Los Angeles County Montebello Housing Development Corporation Calhome FTHB Mortgage Assistance Program (MAP) | $30,000 | (323) 722-3955 |
| Madera County Homebuyer Assistance Program (HAP) | $20,000 | (559) 675-7821 |
| Manteca City Manteca First Time Home Buyer Assistance Program (DAP) | $30,000 | (209) 239-8427 |
| Mendocino County Down Payment Assistance Program (DPAP) | $70,000 | (707) 463-5462 |
| Mendocino County Individual Development Empowerment Account Program (IDEA) | $10,000 | (707) 462-0522 |
| Mendota First Time Homebuyers Program (FTHP) | $25,000 | (559) 655-3291 |
| Merced County First Time Homebuyer Program (FTHP) | $60,000. | (209) 385-7654 |
| Merced First Time First Time Home Buyer Grants Program (FTHB) | $25,000 | (209) 385-6863 |
| Modesto Down Payment Assistance Program (DPAP) | $60,000 | (209) 577-5310 |
| Monterey County First Time Home Buyers Program (FTHB) | $135,235 | (831) 786-1357 |
| Monterey Down Payment Assistance Program (DAP) | $25,000 | (831) 646-3995 |
They say the devils in the details....
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