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First Time Homebuyer Loan Programs
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.
Funding for the FTHLP program has been used for Fiscal Year 2023-2024. We are hoping to have available funds as of February 2024. Check back soon!
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 2023, the maximum incomes are:
|
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. |
Review the FTHLP Program Guidelines for more information.
How to Apply
To apply for the FTHLP, contact the City of Dublin Housing Division 925-833-6610 or by email for a link to our online application similar to the application packet.
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
Contact the Housing Division at 925-833-6610 or submit a question or comment.
- 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.
- Application deadlines apply, so learn more TODAY or submit your pre-application at www.acboost.org or call (510) 500-8840. Applying for AC Boost is free, fast, and simple!
- 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.
- Application deadlines apply, so learn more TODAY or submit your pre-application at www.acboost.org or call (510) 500-8840. Applying for AC Boost is free, fast, and simple!