2019 San Leandro brings First time buyer program back. Hello Housing has opened application period to identify first 75 households to receive assistance in buying their first home in the city limits. 1-800-480-9020 ex 224 or
Before the dissolution of Redevelopment in 2012, the City no longer offers a First-Time Homebuyer Loan Program until January 1st 2019. Older program info below
City Of San Leandro
First-Time Homebuyer Program
For Info and to sign up for the homebuyer seminars (conducted by Bay Area Home Buyer Agency), please go to http://www.myhomegateway.org/ . The City of San Leandro contracts with BAHBA to administer the seminars, counseling and the Inclusionary Housing Ownership Program.
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Older info about the program is below:
City Hall 835 East 14th Street San Leandro, CA 94577
What is the First-Time Homebuyer Program?
It is a second mortgage loan program to assist qualified low- and moderate-income borrowers with the purchase of their first home.
The funds are used toward a down payment and /or closing costs. The program funding source is the Redevelopment Agency's Housing Set-Aside Fund.
Who is eligible for a loan?
Borrower must be a first time homebuyer: a household that has not owned its principle place of residence within the last three years.
The household's combined income must be at or below 120% of the Area Median Income, adjusted by household size. The income limits follow the State Office of Housing and Community Development guidelines.
Yes the Redevelopments Law prohibits the new homebuyer from paying more than 35% of their income for housing costs, including house payments, interest, insurance, maintenance and utilities. Therefore, there is a maximum amount for the mortgage and hence a maximum sale price that is allowed.
Loan repayment is deferred for the first five years with no interest accrual during that period. Payments begin in the 6th year and continue through the end of the twenty-year term. The buyer must repay the loan if the property is sold, transferred, refinanced to take cash out, or converted to rental property.
Homebuyers who earn less than 80% of the area median may qualifies to defer repayment of loan and accrued interest until sale, or transfer of property, refinance for cash out, or conversion to rental property.
Funds are limited. Assistance is provided on a first-come, first-served basis, and as long as funds remain available.
Borrowers must qualify for the first mortgage to be eligible for the First-Time Homebuyer Program.
What type of home can I purchase?
Homebuyers may purchase a new or existing single-family detached home, condominium, or townhouse unit.
The home must be located within the City of San Leandro municipal boundaries.
Where can I apply?
For additional information please contact:
San Leandro City Housing Division at
(510) 577-6004
Or Bay Area Home Buyer Agency (BAHBA)
Updated 5/2009 the below information may not still apply.
What is the process after attending the Seminar?
Step 1 Borrower locates an eligible unit within the City of San Leandro.
Step 2Borrower enters into a Purchase Contract.
Step 3Borrower selects the Lender..
Step 4Borrower submits complete application to lender.
Step 5Lender submits application packet to the Agency for review.
Step 6Agency approves or denies the First Time Homebuyer loan application within five working days of receipt of completed application.
Step 7Escrow officer drafts loan documents.
Step 8Borrower signs loan documents at close of escrow.
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State wide assistance program the California Housing Finance Agency CALHFA Program info 916-324-6589
California Homebuyer's Down payment Assistance program (CHDAP)
Alameda county Median income limits
The information on this page comes from a reliable source but may not be current.
Scott Harrison Real Estate Agent phone 510-388-4536
assumes no liability for its accuracy but will gladly make changes
should you want have more updated information for this page.
