City of Concord, California
Phone 925 671 3341
Website www.cityofconcord.org/living/housing
First time home buyers program
Eligible = low and moderate income (sometimes payments will be about what you pay in rent).
Type of loan, deferred payments and shared appreciation of loan (meaning when you buy you have a partner helping you buy your home and when you sell the partner shares in the profit).
Maximum loan $15000 to $25,000 or 20% of the purchase price, (some restricitions apply)
This allows people without a down payment to get a home with a more affordable payment
The loan term 45 years or due upon sale of the property
Interest rate 0 - that's right a NO interest loan. WOW, the City is serious about helping people afford homes. For the other criteria and restrictions and availability of funds, call or go to the website. Sometimes the funds run out early in the year, sometimes they have funds a lot longer.
Worth checking into.
DRE #00615420
Terrylynn has been a Realtor in Contra Costa County for over 30 years. She works with the Dudum Real Estate Group. Terrylynn is a local expert, who believes in specializing for better service to her clients. She gives talks on Foreclosure Alternatives, Make Home Affordable Programs, Home Staging Consults before you Sell, and is a Senior Real Estate Specialist, Real Estate Collaborative Specialist-Divorce, Certified Residential Professional, EcoBroker and any more. There is no silly question, call now for advice and counsel about your real estate investment. Click here for a question about the area. Visit www.BuyStageSell.com to learn more about Terrylynn and her team of Real Estate Professionals and Staging Professionals. We even stage our short sales! Why? Because it works. 925 8760966 www.BuyStageSell.com
