First Time Homebuyer Loan Program
AC Boost - Alameda County’s NEW Down Payment Assistance Program
AC Boost provides financial assistance to middle-income working households to purchase a home in Alameda County. The program offers shared appreciation loans of up to $150,000 to first-time homebuyers who live in, work in, or have been displaced from Alameda County.
Are you a First Responder or an Educator (including public school employees and childcare providers) in Alameda County? If yes, you may have double the chance to access AC Boost funds!
Application deadlines apply, so learn more TODAY or submit your pre-application at www.acboost.org or call (510) 500-8840.
City of Dublin First Time Homebuyer Loan Program (FTHLP)
The FTHLP provides financial assistance in the form of a deferred loan, for income-qualified first-time homebuyers who are in the process of buying a home in Dublin.
Loans are available for both market rate and below market rate (BMR) homes. Key features include:
||Market Rate Homes
||Up to 15% of the purchase price,
with a maximum of $40,000
|Up to 10% of the purchase price,
with a maximum of $40,000
||3.5% simple interest
||30 years, deferred payment
Eligibility RequirementsHousehold eligibility requirements include but are not limited to:
||Total household income must be at or below the current moderate-income level. The
maximum income is established annually and is adjusted for household size. For 2019,
the maximum incomes are:
|First-Time Home Buyer
||No member of the household may have owned real property for the past three years.
||Applicants must provide a minimum of 3.5% of the sales price as a down payment.
|Primary Loan Qualification
||Applicants must be pre-approved for a primary loan that conforms to City requirements (30 or 40 year fixed-interest). The City's FTHLP loan will be secondary to this primary loan.
Please review the FTHLP Program Guidelines without Exhibits, for a faster download.
How to Apply
To apply for the FTHLP, submit an application packet to the City of Dublin Housing Division, after you are in contract on a property. You may contact the Housing Division at 925-833-6610 or by email to have an application mailed to you. Applications are also available at the Community Development Department located at:
100 Civic Plaza
Dublin, CA 94568
First Time Homebuyer Loan Program Agreements - Below Market Rate Properties*
- Deed of Trust Assignment of Rents Fixture Filing and Security Agreement
- Loan Occupancy Refinancing and Resale Restriction Agreement with Option to Purchase
- First Time Homebuyer Program Promissory Note