Offers up to $100,000 in down payment assistance to first-time homebuyers in Pleasanton. Assist homebuyers whose household income does not exceed 120% of the Area Median Income. Assistance is in the form of a 30-year/0% interest loan with no required monthly payment as long as the homeowner occupies the home. Also structured as a "Shared Appreciation Loan" with the principal balance amount plus a share of the appreciation becomes due at the end of the 30-year term or when the homeowner sells or transfers the property.
Eligibility: Low to moderate income, first-time home buyer interested in purchasing a home within Pleasanton city limits. Buyers are responsible for obtaining a first mortgage through a California Housing Finance Agency approved lender at a fixed interest rate, with no negative amortization, balloon payments, or adjustable rate features. Program is prioritized for persons who live or work in the City of Pleasanton.
Requirements: No information has been provided by Agency.
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