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The City of Concord’s First Time Homebuyer (FTHB) Program is a second mortgage loan program to assist qualified low to moderate-income individuals with the purchase of their first home. FTHB loan funds are to assist with down payment and/or closing costs. This program can be used in combination and conjunction with the purchase of a City of Concord Inclusionary Below Market Rate Home.
The Borrower must be a first time homebuyer, which is defined as a household that has not owned a home within the past three years. Borrowers must be able to qualify for a first mortgage from a primary lender of their choice, and the City’s loan is contingent upon the approval and provision of the first mortgage
The program requires prospective homebuyers to
Bay Area Affordable Homeownership Alliance (BAAHA), a non-profit organization, assists the City in administering the program. All application materials are available through BAAHA by emailing them at info@myhomegateway.com or calling them at 800-480-9020.
OTHER RESOURCES
In addition to the City's First Time Homebuyer Program, the Mortgage Credit Certificate Program provides financial assistance to first time homebuyers for the purchase of a new or existing single-family home. The Program is administered by Contra Costa County.