City of Hayward First-Time Homebuyer Program

City of Hayward First-Time Homebuyer Program is a shared-appreciation loan for homebuyers in Hayward, California. Deferred down payment assistance for first-time homebuyers in Hayward. Federal HOME-funded. Income at or below 80% AMI. no monthly payments on DPA. Funding comes from Federal HOME / City.

City of Hayward First-Time Homebuyer Program is a shared-appreciation loan and is repaid under the terms set by the administering agency. Repayment is triggered by Sale, transfer, or non-occupancy. The assistance is recorded in Second position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

City of Hayward First-Time Homebuyer 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. On credit, the program states: Contact lender for current credit score requirements. A homebuyer education course is required. Residency requirement: Purchase within City of Hayward. Citizenship or immigration status: U.S. citizen, permanent resident alien, or other eligible non-citizen. Must purchase in Hayward; income ≤120% Alameda County AMI; deferred loan at 0% or 3% simple interest.

City of Hayward First-Time Homebuyer Program limits household income to 120% of the area median income, which varies by county and household size. Low income: household income ≤80% of Area Median Income (AMI). The limit applies to total household income, not only the borrower’s. The program lists a maximum household size of 8. 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 Hayward First-Time Homebuyer Program caps the purchase price at $900,000. Eligible property types include Single-family (1-4 unit), FHA-approved condominium, townhome/PUD. New construction is eligible. Manufactured homes are not eligible.

City of Hayward First-Time Homebuyer Program serves homebuyers purchasing in Hayward, California.

Applications for City of Hayward First-Time Homebuyer Program go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through Contact provider directly; subject to funding availability. 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.