Down Payment Assistance Program

The City of Rosemead offers a Down Payment Assistance Program to first-time home buyers that qualify as low- and moderate-income household.  The program provides prospective home buyer a loan towards achieving the 20% down payment.  The maximum loan amount of this program is $95,000 and has no monthly payment for a 30-year term (silent second).  To qualify, the applicant must submit an application with income documentation that meets the income limits for Los Angeles County.  The property must be located within Rosemead City limits and meet basic Housing Quality Standards.  Maximum purchase price must be less than $451,000. Priority is given to applicants who live or work in the City of Rosemead.

Income levels are set by the Federal Housing and Urban Development (HUD) and the current levels are:

The possibility of being a homeowner is now one step closer for first-time buyers. To apply for this program, you may download an application here. For more detailed information, click here or contact:

Housing Division

(626) 569-2140

HousingDivision@cityofrosemead.org

 

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