Skip to page body Home I Want to... What's New City Services Living Doing Business Visiting About Pittsburg
Redevelopment Agency

The City of Pittsburg recognizes the need to provide down payment and non-recurring closing costs assistance for persons/families to obtain affordable housing. First Time Homebuyer means a borrower(s) that has not owned a home during the last three years.

  • The First Time Homebuyer Program will provide a loan up to $20,000 in down payment assistance. Non-recurring closing cost such as credit report, escrow, recording fees, title report, and title insurance may be included in the loan. However, loan may not exceed $20,000.
  • The loan bears a three percent (3%) interest with a term of 30 years.
  • Repayment of the loan is deferred until the property changes title or is refinanced for cash out.
  • The borrower will be required to pay at least 1 percent (1%) of the purchase price and must provide evidence of pre-approval from a primary lender.
  • Program eligibility will be based on income requirements.
  • Borrower(s) front end ratio must be no higher than 35%.
  • Borrower(s) must complete a Homebuyer Education class through a HUD certified counseling agency.

Contra Costa County Homeownership Sales Price Limits - FY 2017

No. of Units

1 - Unit

2 - Unit

3 - Unit

4 - Unit

Existing Homes

$ 428,000.00

$ 547,000.00

$ 663,000.00

$ 821,000.00

New Homes

$ 451,000.00

$ 578,000.00

$ 699,000.00

$ 866,000.00

Application

Income Limits

For questions, please contact Melaine Venenciano at 925-252-4155 or mvenenciano@ci.pittsburg.ca.us.

 

 

Last updated: 8/11/2017 8:47:39 AM