City of La Puente CalHome Loan Program

What is City of La Puente CalHome Loan Program?

City of La Puente CalHome Loan Program is a deferred second loan for homebuyers in La Puente, California.

• CalHome reuse funds. 0% interest deferred loan; due at sale, refinance, or non-occupancy. Standard CalHome program rules apply.
• Up to $100,000 or 40% of purchase price (whichever less) CalHome deferred loan, with up to $200,000 available for the FTHB DPA program tier. 0% interest, deferred payment.
• Funding comes from California HCD CalHome Program (reuse).

How much assistance does it provide?

City of La Puente CalHome Loan Program provides assistance worth 0.4% of the purchase price, as set by the program.

• Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

City of La Puente CalHome Loan 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.

Who qualifies?

City of La Puente CalHome Loan Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

City of La Puente CalHome Loan Program limits household income to $110,950.

• 80% LA County AMI: HH1 $77,700; HH2 $88,800; HH3 $99,900; HH4 $110,950; HH5 $119,850; HH6 $128,750; HH7 $137,600; HH8 $146,500.
• 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.

What kind of home can it be used for?

City of La Puente CalHome Loan Program can be used for Single-family, Condo, Townhouse, Manufactured (real property).

• Manufactured homes are eligible.

Where does it apply?

City of La Puente CalHome Loan Program serves buyers purchasing in La Puente, California.

How do you apply?

Applications for City of La Puente CalHome Loan Program go through the administering agency, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through Required - HUD-approved.

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved with the provider and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.