Eligibility Criteria

• Be a low-income household*

• Own & occupy a single-family residence located within the City Limits of the City of Sonora  

• 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

 

City of Sonora
Kim Campbell,  
Community Development Specialist 
94 Washington Street
Sonora, CA, 95370
Phone: (209) 532-3508
Fax: (209) 532-3511