City of Baldwin Park First Time Home Buyer Down Payment Assistance Programs

First Time Homebuyer Program

Applications & Guidelines

What is the silent second program?The City of Baldwin Park offers a Housing Assistance program to low-moderate income first time homebuyers. If you are thinking of purchasing a home in the City of Baldwin Park, consider the Silent Second Program. It provides a loan that funds the difference between the purchase price of the home and the first mortgage. The homebuyer is required to put a 1.5% down payment. However, please note that the maximum price for a home is $362,790. For a condominium it is $362,790.How does the Silent Second work?The Silent Second or “gap financing” program assists homebuyers in purchasing their home by filling in the affordability gap. The gap is defined as a difference between the purchase price of the home and the first mortage plus a 1.5% down payment. Baldwin Park’s program will provide a maximum second mortgage loan of $140,000Where do the funds come from?

The funds for the Silent Second Program are Federal funds and State funds, more specifically, HOME Investment Partnership Program (HOME) and Housing (20%) Set Aside funds.

How can I apply?

Applications can be picked up at City Hall or downloaded. Please take the application and guidelines to a lender of your choice to get pre-approved. After you recieve a prequalification, have the lender contact the City to begin your loan process.

Contact InformationGeneral Phone
(626) 960-4011Michelle Bravo
Administrative Clerk, ext. 354
mbravo@baldwinpark.comTo view the City Baldwin Park’s website, please CLICK HERE