Community Development DepartmentHousing and Human Services

Mortgage Assistance Program

THIS PROGRAM HAS BEEN TEMPORARILY SUSPENDED UNTIL ADDITIONAL FUNDS BECOME AVAILABLE. 

If you would like to be notified when funds become available,  please add your contact information to the 'Interest List' form.


The City of Livermore's Mortgage Assistance Program provides a second mortgage loan for first time homebuyers who desire to live in the City of Livermore. The program is administered through the Housing and Human Services Division which works to maintain and expand housing opportunities for low and moderate-income households throughout the City. Purchasing a home in the City of Livermore is a wonderful choice, as Livermore is a community that cares about maintaining the character of its neighborhoods and enhancing the quality of life of its citizens.

Loan Documents

For additional information, please contact the City's Housing Division at 925-960-4580 or by email at housing@ci.livermore.ca.us

Additional Financial Assistance Programs

California Housing Finance Agency (CalHFA):

     Website: http://www.calhfa.ca.gov/homebuyer/programs/index.htm

  • First Mortgage
  • CHDAP (Down Payment/Closing Costs Assistance)
  • School Facility Fee (for use with new construction homes only)

Alameda County 

    Website: http://www.acgov.org/cda/hcd/mcc_program/index.htm

  • Mortgage Credit Certificate Program (MCC)     This program provides first-time homebuyers with a federal income tax credit which increases their ability to qualify for a mortgage. The amount of the tax credit is equal to 10% or 15% of the homebuyer’s annual mortgage interest paid. The creditis taken annually as a dollar-for-dollar credit against the homeowner's federal income tax liability. This program is administered through Alameda County Community Development Department.

WISH & IDEA Programs

Down Payment Assistance – Both the WISH and IDEA programs provide a three-to-one match to down payment funds a homebuyer deposits toward purchase of a home, up to $15,000. The match is a forgivable loan. If the home is sold or refinanced the home before the end of a five-year “retention period,” a pro rata portion of the loan must be repaid; otherwise, at five years the loan is forgiven.

Down payment requirement - The WISH program requires that at least 1% of the home purchase price come from the buyer directly. The WISH program allows the buyer to obtain the $5,000 applied towards the $15,000 FHLB match to come from any source. In contrast, since the objective of the IDEA program is to encourage and reward savings toward a down payment, buyers are required to accumulate personal savings of at least $5,000 to able to use the maximum 3-to-1 matching loan of $15,000. Also, as with most loans, there will be closing costs associated with the loan and purchase of a property. The buyer should expect to pay between 2% to 3% of the property purchase price in closing costs.

For more information please contact the Tri-Valley Housing Opportunity Center

HUD’s Homeownership Voucher Program

    Website: http://www.hud.gov/offices/pih/programs/hcv/homeownership 

  • Mortgage Assistance for Section 8 Voucher holders  

If you are currently a participant in the Housing Choice Voucher program (Section 8) and receive rental assistance, you can use your voucher to help buy a home and receive monthly assistance in meeting homeownership expenses. Please contact the Livermore Housing Authority (925) 447-3600 or their website at http://www.livermorehousingauthority.com

    Website: http://www.hud.gov/offices/pih/programs/hcv/homeownership 


Additional Resources

    U.S. Department of Housing & Urban Development (HUD)

    Website:  http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm?webListAction=search&searchstate=CA



    Mortgage Calculator (Courtesy of PMI):

    Website: http://www.pmigroup.com/cgi-bin/pc.cgi

   
   Education Classes and Workshop

    First Time Homebuyer Education

    Financial Management