City of Emeryville First Home Emeryville Down Payment Assistance Program

City of Emeryville First Home Emeryville Down Payment Assistance Program is a deferred second loan for homebuyers in Emeryville, California. 30-year deferred loan at 3% simple interest. No monthly payments. Repayment due at sale, refinance, or non-occupancy. Administered by Hello Housing (nonprofit). Up to $200,000 deferred-payment 30-year loan at 3% simple interest. No monthly payments. Loan due at sale or non-occupancy. Property must be within Emeryville city limits — applicants do NOT need to live or work in Emeryville to apply. Funding comes from City of Emeryville housing funds.

City of Emeryville First Home Emeryville Down Payment Assistance Program is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off. Repayment is triggered by sale, refinance, or change of primary residence. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

City of Emeryville First Home Emeryville Down Payment Assistance Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. A homebuyer education course is required, through Required - HUD-approved (Hello Housing or NID-HCA). Sourced via Homebuyer Wallet (CA20250048). Must be first-time homebuyer. Total household income at/under 120% of HUD-published AMI. Application periods are time-limited (announced via City news). No live/work-in-Emeryville requirement.

City of Emeryville First Home Emeryville Down Payment Assistance Program limits household income to 120% of the area median income, which varies by county and household size. 120% of HUD-published AMI (Alameda County), updated annually. The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

City of Emeryville First Home Emeryville Down Payment Assistance Program can be used for Single-family, Condo, Townhouse.

City of Emeryville First Home Emeryville Down Payment Assistance Program serves homebuyers purchasing in Emeryville, California.

Applications for City of Emeryville First Home Emeryville Down Payment Assistance Program go through the administering agency. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.