Upland Down Payment Assistance Program

Program Overview

First Time Home Buyer Program

The City of Upland First Time Home Buyer Down Payment Assistance Program aims to help home buyers interested in purchasing within its city limits.

The First Time Home Buyer Program is available to help limited income families and individuals who wish to purchase a home but are unable to qualify and/or come up with the necessary down payment without financial assistance. The FTHB Program is designed to help persons who would not otherwise be able to achieve the American Dream of owning their own home.

First Time Home Buyer Program Basics

  • A second loan (silent second)
  • A 3% simple interest bearing loan (interest free after 20 years), deferred until sale, or transfer or 30 years.
  • City’s Underwriting front end ratios are 25/36 (backend ratio not to exceed 42%)
  • 1st Mortgage is required to be a 30 year, fixed interest rate loan

Borrower Eligibility

An individual or family:

  • Interested in purchasing and residing in a home in Upland;
  • Who has not owned residential property or has not owned a principal place of residence during the last 3 years;
  • Who has assets to provide a minimum down payment of 1% of the purchase price plus closing costs;
  • Whose gross income does not exceed the maximum income level as determined by the U.S. Dept. of Housing and Urban Development (HUD).

Other Assistance Options

If funds are no longer available, or you are unable to meet the qualifications for this assistance program, there are other options that may be available to you.

California home buyers should also explore Mortgage Credit Certificates, CRA Programs, Lender/Agent Credits or other creative down payment and closing cost assistance options.

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