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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.
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 2022, 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
*For market rate properties FTHLP agreements, contact the City of Dublin Housing Division.
For More Information
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!