City
Services
Loan Programs
Low-Income
Homeowners’ Housing Rehabilitation Loan Program
This Program provides low-interest
rate loans to low-income homeowners within the
City of
Sonora
for needed home improvements.
Eligibility
Criteria
Continue to reside in the residence
Have adequate equity in the home
Meet all other loan requirements &
guidelines
Terms of
Loan
Interest Rate
0%-<50% of Median Income
3% - 50 to 65% of Median Income
5% - 66 to 80% of Median Income
·
Maximum Loan Term is 15 years
·
Maximum Loan Amount is $30,000
·
Monthly Loan Payments are required
·
Loans are not assumable
Housing
Programs’ Income Limits
Low- Income Households are defined as having an income
that does not exceed 80% of
Tuolumne
County
’s Median Income.
The Federal Department of Housing and Urban
Development sets the median income for each county
annually.
The
City
of Sonora
is an Equal Housing Lender and does not discriminate on
the basis of religion affiliation, age, race, color,
ancestry, national origin, sex, marital status, familial
status, children, physical or mental disability, sexual
orientation or other arbitrary cause.
Click here to see the
Rehabilitation
Loan Guidelines & Requirements
Click here to see the
Rehabilitation
Loan Application
If you feel that you
have
been discriminated against
in your attempt to obtain
any type of housing please
read the
Guide for Complaints
|
City of Sonora
Kim Campbell,
Community Development Specialist
94 Washington Street
Sonora, CA, 95370
Phone: (209) 532-3508
Fax: (209) 532-3511
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