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City Mortgage Assistance

City of Anaheim – HOME Federal Down Payment Assistance Program

Program Summary
Federally funded payment assistance program
Program Details
Eligible Buyers: Assistance offered to households who do not currently own a home
Purchase Price Limits: $280,749
Down Payment Assistance: Up to $50,000
Interest Rate: 3% simple interest
Income Limits: 80% of Area Median Income

Household Size
Income

1
$39,500 or less

2
$45,200

3
$50,850

4
$56,500

5
$61,000

6
$65,550

7
$70,050

8
$74,600

Payments: No monthly payments due. Loan due when 1st mortgage is refinanced or home is [...]

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City of Orange – First Time Home Buyer Down Payment Assistance Program

by Scott Schang November 10, 2009 Down Payment Help

First Time Homebuyer Program
The First Time Homebuyer Program is currently being revised. Please call 714-288-2580 to be placed on the waiting list

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City of Orange – Mortgage Credit Certificate (MCC)

by Scott Schang November 10, 2009 First Time Buyer Loans

Mortgage Credit Certificate Program Fact Sheet

The Mortgage Credit Certificate (MCC) Program enables first-time homebuyers to receive a federal income tax credit of 15% of the annual mortgage interest paid.
MCC’s reduce federal income tax, increase take-home pay, and increase the qualifying loan amount for homebuyers.
Program assistance is available only to income-eligible persons and families who have [...]

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City of Downey First Time Home Buyer Program – Housing Assistance Program (HAP)

by Scott Schang November 10, 2009 Down Payment Help

Program Summary
The City of Downey’s Homebuyer Assistance Program (HAP) has been developed to provide first time homebuyers with the financial assistance necessary for homeownership. The HAP loan is in the form of a deferred payment second mortgage. The HAP Program is designed to assist qualified households with the down payment and closing costs for the [...]

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City of San Francisco – Teacher Next Door Program (TND)

by Scott Schang November 10, 2009 Mortgage Assistance

Program Overview
The Teacher Next Door Loan Program provides Downpayment Assistance loans to credentialed Teachers employed by the San Francisco Unified School District. The loans are forgivable according to the years of service the teacher remains in the school district.
Borrower Eligibility:
To be eligible for a TND loan, a borrower must be a credentialed teacher currently employed [...]

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City of San Mateo Down Payment Assistance Program

by Scott Schang November 9, 2009 Down Payment Help

First-Time Home Buyer Program – Posted on the City of San Mateo website

// We sponsor a variety of loan programs to help families with different incomes and housing needs become homeowners. There are programs to help you purchase single-family homes, condominiums, and townhouses at several locations within the City limits of San Mateo. The City [...]

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Down Payment and Housing Assistance Programs for the City of Alameda

by Scott Schang November 9, 2009 Down Payment Help

The City of Alameda offers many resources to both home owners and home buyers looking to move to the city. I want to focus on the home buyer programs that are available through the city here.

First Time Homebuyer Workshops – Hundreds of people have taken advantage of the City’s Home Buyer Workshop. The workshops cover [...]

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City of San Jose Teacher Homebuyer Program (THP)

by Scott Schang November 9, 2009 Mortgage Assistance

Teacher Homebuyer Program (THP) is an integral part of the City’s effort to make San Jose California’s most teacher-friendly city. The goal of the THP is to attract and retain public school teachers to provide a quality education for San Jose youth. To achieve this goal, the THP offers a deferred-payment loan of $40,000 or [...]

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City of Alameda First Time Home Buyer Education Classes

by Scott Schang November 9, 2009 Mortgage Assistance

First-Time Home Buyer Programs:

Free Home Buyer Workshops

Overview of the Home Buying Process

Credit & Budgeting
Qualifying for a Loan
The City’s Downpayment Assistance Program
The Loan Application/Preapproval Process
Selecting a Home
Role of the Real Estate Agent
Home Maintenance
Foreclosure Prevention

Workshops are conducted by First Home, Inc. and participants must register to attend. Please register by calling 888.572.1222 x110, or Click here to [...]

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City of Alameda Down Payment Assistance Programs

by Scott Schang November 9, 2009 Down Payment Help

Downpayment Assistance Loans – Now AvailableThe Downpayment Assistance Program offers generous financial assistance to first time homebuyers looking to purchase a home in Alameda. The program provides loans from $50,000 to $80,000 and is available to households with a wide range of incomes. Eligible uses of program funds include downpayment and/or closing costs for the [...]