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Loan Programs

PRESS RELEASE: The City of Sonora Offers Rehabilitation Loans and Homebuyers' Assistance Loans for City Residents. Click here to find out more

The City of Sonora provides loans for housing assistance and business façade improvements.  To access the Programs’ Guidelines and Applications click on the following links:

 

Homebuyers’ Assistance Loan Program

The City of Sonora ’s Homebuyers’ Assistance Loan Program assists low-income households* with the purchase of an existing home within the City Limits.  The City’s Loan is a deferred second mortgage that does not require monthly payments.

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. 

 

Deferred Housing Rehabilitation Loan Program

This Program provides low-interest rate loans to low-income senior or permanently disabled homeowners within the City of Sonora for needed home improvements.  These loans are deferred and monthly payments are not required.

Low-Income Rental Housing Rehabilitation Loan Program

This Program provides rehabilitation loans to property owners of rental units located within the City of Sonora . Units must be occupied by low-income households or be vacant. 

 

FALLING BEHIND
ON YOUR
MORTGAGE PAYMENTS? 

CLICK HERE: www.KeepYourHomeCalifornia.com

OFFERING MORTGAGE ASSISTANCE FOR:

UP TO $3,000 PER MONTH FOR UNEMPLOYED HOMEOWNERS WHO ARE IN IMMINENT DANGER OF DEFAULTING ON THEIR HOME LOAN

FUNDS TO HELP HOMEOWNERS WHO HAVE FALLEN BEHIND ON THEIR MORTGAGE PAYMENTS DUE TO A TEMPORARY CHANGE IN A HOUSEHOLD CIRCUMSTANCE.  FUNDS ARE AVAILABLE FOR UP TO $15,000 PER HOUSEHOLD TO REINSTATE MORTGAGES TO PREVENT FORECLOSURES.

FUNDS TO REDUCE THE PRINCIPAL OWED ON A MORTGAGE FOR A HOMEOWNER FACING A SERIOUS FINANCIAL HARDSHIP.

 

 

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