City of Garden Grove First Time Home Buyer's Assistance Program

Updated 3/9/09: I called today, funding is currently unavailable.

First Time Homebuyers Program

When funds are available, Neighborhood Improvement offers a First Time Homebuyers Program to assist low-income applicants to qualify to purchase their first home. The program makes available a limited number of silent second and third mortgages to help applicants with the money necessary to qualify to purchase a home in Garden Grove.

**At this time, there are no funds available for this program. The City is anticipating additional Homebuyer loan funding in the future.

In order to qualify for most First Time Homebuyers Programs:

* The Applicant cannot have owned a home in the past three (3) years.
* The Applicant must attend a Homebuyer Education Program.
* The Applicant must meet the low-income requirements.
* If the home is a single-family detached home, it cannot exceed $546,250, and must be located in Garden Grove.
* If the home is a townhouse or condominium, the price cannot exceed $362,790, and must be located in Garden Grove.

Other important information regarding the First Time Homebuyers Program:

* The Applicant must provide at least one percent of the total purchase price for the down payment.
* The loan amount plus interest becomes due after the sale or transfer of the property, refinancing of the first mortgage, at the loan maturity date, or when the property ceases to be owner occupied.

Please note that all First Time Homebuyer Program requirements must comply with rules set forth by the funding source, and the requirements may change when the funding source changes.

For more information, please read our First Time Homebuyer Fact Sheet.

If you are interested in purchasing a home in the City of Garden Grove, and would like to obtain information about different programs to assist you, please visit the program website at Come Home To Garden Grove , or call the program toll-free number at (877) 570-5276 and select “Option 2″. You may also contact City staff regarding loan and grant opportunities by calling 714-741-5330.

To view the City of Garden Grove website, please CLICK HERE