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Home


What's New?


First Time Homebuyer Program

Why rent when you can own? Need some help to buy your first home?

First time homebuyers can now afford to purchase their first homes with a "silent" second mortgage. The City of Lincoln can provide funds for down payment assistance plus 3% simple interest, or upon sale of house, to eligible low-income families. Repayment is deferred for up to 30 years with no additional loan fees.

To participate, you cannot have owned a home in the past three years. In addition, the household's total gross annual income cannot exceed HUD's income limits. For example, a household of four's gross annual income cannot exceed $52,300.

The appraised value of the home cannot exceed $362,790 and, at the time of the sale, the home must meet minimum housing quality standards.

Interested persons are encouraged to contact April Rosenstiel with Mercy Housing California at (916)414-4453 or 1-800-995-4453.

For more information, click here to download the First Time Homebuyers flyer in English.

Para obtener una copia en Espanol del folleto, Compradores de Casa por primera vez, haga clic aqui.







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