First-time Homebuyer Programs in San Mateo County



First-time Homebuyer Programs in San Mateo County



|Program |Contact |Loan Amount |Terms |Purchase Price |Detailed Information Link |Special Eligibility |Other |

| | | | |Limit | | | |

|SAN CARLOS |San Mateo County |This program is currently being revised. More information to follow. |

|Down Payment Assistance Loan |Department of Housing | |

|(DAL) |(650) 802-5033 | |

|COUNTY OF SAN MATEO |San Mateo County |MCC Tax Credit equal to |Good for the life of the |$637,645 |Not available at this time. |Income limits: |RMCCs available after refinance of |

|Mortgage Credit Certificate |Department of Housing |15% of the Mortgage |original loan. | | |1-2 persons = $96,800 |original loan. |

|Program (MCC) |(650) 802-5032 |Amount | | | |3+ persons = $111,320 |Call Fred Consulting Associates for|

| | | | | | | |more information. |

| | | | | | | |(415) 898-1750 |

|COUNTY OF SAN MATEO |San Mateo County |Lesser of 20% of sales |35 yrs at 3% - No payments |None |Not available at this time. |Assets cannot exceed $150k |$400 processing fee. Additional $5k|

|Start/StartPLUS Down Payment |Department of Housing |price or $65,000 |for first 5 yrs. Simple | | |and no other real property |0% interest loan available to low |

|Assistance Program |(650) 802-5033 | |interest accrual during first| | |can be owned. Must live/work|income buyers. |

| | | |5 yrs. | | |in San Mateo County at time |CalHFA Partner |

| | | | | | |of application. | |

|San Mateo County Income Limits (Low) |San Mateo County Income Limits (Moderate) |

|Household Size |Income Limits |Household Size |Income Limits |Household Size |Income Limits |Household Size |Income Limits |

|1 person |$ 63,350 |5 persons |$ 97,700 |1 person |$ 79,800 |5 persons |$ 123,100 |

|2 persons |$ 72,400 |6 persons |$104,950 |2 persons |$ 91,200 |6 persons |$ 132,250 |

|3 persons |$ 81,450 |7 persons |$112,200 |3 persons |$ 102,600 |7 persons |$ 141,350 |

|4 persons |$ 90,500 |8 persons |$119,450 |4 persons |$ 114,000 |8 persons |$ 150,500 |

|Alternate Agencies |Contact |Description |

|California Housing Finance Agency |(916) 322-3991 |CalHFA Homeownership Programs provide affordable housing opportunities by offering below market rate mortgage programs |

|(CalHFA) |calhfa. |to very low-to-moderate income first time homebuyers. For further information, please call CalHFA or visit their |

| | |website. |

|First Home, Inc. |(415) 561-5600 |Offers a program for the City of South San Francisco. Please contact the program administrator for further details. |

| |index.php/item/267 | |

|City of Menlo Park |(650) 858-3380 |Purchase Assistance Loan (PAL) Program available to residents of Menlo Park. Please contact the City of Menlo Park for |

| | |further details. |

Revised September 2009

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