First Time Homebuyer Program

Print

FIRST TIME HOMEBUYER PROGRAM

In 1985, the County of Yolo received funding from the State HOME Mortgage Bond Program to help qualified First Time Homebuyers in Yolo County with down-payment assistance and/or closing costs. Over the years, many participants have chosen to pay off their loans, creating a loan pool available to help another generation of qualified participants. Qualified applicants include:

  • Anyone who has not owned a home as a principal residence at any time in the past three years
  • Those who have been pre-approved for a fixed-rate first mortgage loan
  • Those whose income is below the median-income limits for Yolo County (established annually by the Department of Housing and Urban Development [HUD]) 
  • Participants who are able to provide a minimum of 3% of the purchase price

Loans will be at 0% interest, secured by a Deed of Trust and promissory note. The property must be owner occupied for the term of the loan.

To apply for a Yolo County First Time Homebuyer Loan, please contact the Adams Ashby Group, contract administrators for the County, at:

Adams Ashby Group
770 L Street, Suite 950
Sacramento, CA 95814
Toll Free: (877) 835•6003
Phone: 916.449.3944
Fax: 916.449.3934
www.adamsashbygroup.com