The City of Sonora has First Time Homebuyer Funds available. These funds provide deferred payment “silent second” mortgages to assist low-income households in the purchase of a home within the City limits. 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!
These funds are available as a deferred payment loan for up to $100,000. Applicants must be low-income, defined as having an income that does not exceed 80% of the area median incomes, adjusted for household size. Click here for: HOMEBUYERS’ ASSISTANCE GUIDELINES
For more information contact Kim Campbell, Community Development Specialist at (209) 532-3508. Email: email@example.com.