Get financial assistance for first time home buyers
City of Oakland, Housing & Community Development
Verified Information
Verified Information
The Oakland Housing & Community Development's CalHome Program offers loans to help income eligible, first time homebuyers with purchasing a home in the city of Oakland. The program lends the amount needed to afford a home, and this can be used to cover a portion of the property's downpayment. This loan is paid in 30 years (not monthly) or when the borrow sells, transfers, refinances the property, or converts the home to rental property.
Eligibility Requirements
Resident of Oakland,
Must be a first-time homebuyer (some exceptions apply) and have an annual income that does not exceed 80% Area Median Income (AMI). Properties must be located in Oakland and not exceed the purchase price of $1,305,000.,
Adults (18+),
Age: 18+
ADA accessible
Unknown
Citizenship Requirements
No citizenship requirements
Cost Details
There is a $262.50 application processing fee due once your home is under contract.
Cost or fees
Yes
Counties Served
Alameda
What to do next
Locations
This opportunity does not have a location or its location is private. This opportunity can be accessed in Oakland, California, USA.
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