If you are thinking about purchasing a home within the City limits or you are a First Time Homebuyer, you may qualify for funds from the City’s First Time Homebuyers’ Program. This Program has assisted roughly 43 City homeowners with purchasing a home. These funds are available as a deferred payment loan for up to $100,000, with interest rates between 0% and 3%, depending on household size and income. Applicant(s) must be low-income, defined as having an income that does not exceed 80% of the area median income, adjusted for household size. The income limits were just updated for 2018!
Funding for the program comes from the Community Development Block Grant (CDBG) Program. Financing through this program is subject to the availability of funds and provided on a “first-come first-serve basis”. So, don’t delay, contact the City today!
Click here for: HOMEBUYERS’ ASSISTANCE GUIDELINES
For more information contact Kim Campbell, Community Development Specialist at (209) 532-3508. Email: firstname.lastname@example.org.