FIRST TIME HOMEBUYER LOAN PROGRAM
First-Time Homebuyer's Assistance Loan Program Brochure
The First Time Homebuyer Loan Program provides low interest rate second mortgage loans to eligible homebuyers to assist in the purchase of a home in the unincorporated areas of the County. Funding for this program is provided through the Community Development Block Grant (CDBG) and HOME Investment Partnerships (HOME) Programs and the County's revolving loan fund.
Eligible applicants must meet the following requirements:
The loan program includes:
This program is designed as a gap financing program for applicants that would not qualify for a bank loan sufficient enough to purchase a home due to limited income. Loans are available to eligible applicants on a first-come first-served basis while funding lasts.
For more information about this program call (530) 621-5158 or (530) 621-5159.
The County of El Dorado is an Equal Housing Lender and does not discriminate on the basis of religion or religious affiliation, age, race, color, ancestry, national origin, sex, marital status, familial status (children), physical or mental disability, sexual orientation, or other arbitrary reason.