City of Rosemead Community Development Homeownership Assistance Program

City of Rosemead Community Development Homeownership Assistance Program is a shared-appreciation loan for homebuyers in Rosemead, California. 0% interest, no monthly payment shared-appreciation loan. Loan amount varies by qualified applicant. Up to $200,000 for down payment, closing costs, and interest-rate buy-downs. 0% interest, no monthly payment, share of appreciation at sale. Funding comes from PLHA, City Housing Funds.

City of Rosemead Community Development Homeownership Assistance Program offers up to $200,000 in assistance. Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

City of Rosemead Community Development Homeownership Assistance Program is a shared-appreciation loan and is repaid under the terms set by the administering agency. Repayment is triggered by sale or refinance (share of appreciation). Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

City of Rosemead Community Development Homeownership 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. Sourced via Homebuyer Wallet (CA20250065). Family income at or below 80% LA County AMI. Cannot currently own residential property. Maximum purchase price: $916,750 SFR / $701,100 townhome/condo.

City of Rosemead Community Development Homeownership Assistance Program sets its income limit as follows: At or below 80% of LA County AMI. At or below 80% of LA County AMI. 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 Rosemead Community Development Homeownership Assistance Program caps the purchase price at $916,750. Eligible property types include Single-family, Condo, Townhouse.

City of Rosemead Community Development Homeownership Assistance Program serves homebuyers purchasing in Rosemead, California.

Applications for City of Rosemead Community Development Homeownership Assistance Program go through the administering agency, which publishes the current terms and the application steps on its own site. 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.