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.

Loan Features

Loans are available for both market rate and below market rate (BMR) homes. Key features include:

Term	BMR Homes	Market Rate Homes
Loan Amount	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
Interest Rate	3.5% simple interest
Loan Term	30 years, deferred payment

Eligibility Requirements

Household eligibility requirements include but are not limited to:

Requirement	Description
Maximum Income	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 2020, the maximum incomes are:   1-person: $100,150       2-person: $114,450 3-person: $128,750 4-person: $143,050 5-person: $154,500 6-person: $165,950 7-person: $177,400 8-person: $188,850
First-Time Home Buyer	No member of the household may have owned real property for the past three years.
Down Payment	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:

Civic Center
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

See the frequently asked questions section for commonly asked questions. For further information, contact the Housing Division at 925-833-6610 or submit a question or comment.