City of Foster City's First Time Homebuyer Program, Mortgage Credit Certificate Program

FIRST TIME HOMEBUYER PROGRAM

Program Eligibility
1. Applicant(s) must be first time homebuyer(s)
(may not have owned a home as their
primary residence within 3 years prior to
applying for this program)
2. Gross household income CANNOT exceed
program income limits and applicant(s)
assets cannot exceed the lesser of $100,000
or 50% of the purchase price of the home
you are buying

3. Applicant(s) must fall into one of the
following City Council Adopted Preference

Categories:

· Persons who live and work in Foster
City
· Persons who live in Foster City
· Employees of the City of Foster City
· Classroom teachers who are
employees of the San Mateo-Foster
City School District, the San Mateo
Union High School District, or the San
Mateo County Community College
District
· Persons who work in Foster City, and
· All others who are income qualified

For more information, please CLICK HERE

MORTGAGE CREDIT CERTIFICATE PROGRAM

You may apply for an MCC at the same time you
submit an application for a mortgage loan to one of
the Program’s Participating Lenders. If a list of
Participating Lenders has not been included with this
brochure, you may call the Department of Housing at
(650) 802-5032 to request one.

For more information, please CLICK HERE

To view the City of Foster City, please CLICK HERE

Tagged as: City of Foster City, down payment assistance, first time homebuyers