The City Of Elk Grove is pleased to offer the Home Buyer Assistance Program! This Program provides silent second, deferred-payment loans to first-time home buyers meeting certain income and eligibility requirements.

Loan Highlights
30-year, silent second mortgage
3.00% interest
No monthly payments
Loan amount based on income and need, up to 20% of purchase price or $59,650 (whichever is less)
Up to 3% for non-recurring closing costs

Eligible Home Buyers
First-time home buyer (no ownership in previous three years)
Will occupy property as principal residence

Eligible Properties
Single-family detached, single-family semi-detached, approved condominium, or half-plex Within the City of Elk Grove
Must be vacant at close of escrow
Maximum price does not exceed Sacramento County median
Home inspection required

APPLY TODAY