First-Time Homebuyer Assistance Program

The City of Grass Valley offers a First-Time Homebuyer (FTHB) Assistance Program to help eligible low-income households purchase their first home within city limits. The program provides financial assistance with down payments and closing costs, helping qualified buyers take the next step toward homeownership.

Program Highlights

• Up to $250,000 in assistance toward down payment and/or closing costs for eligible homebuyers.
• Deferred loan payments: No monthly payments are required on the City’s assistance loan. Interest accrues at a rate of 2% annually.
• 30-year loan term: The loan becomes due upon certain events, including the sale or rental of the property, or at the end of the loan term.
• Eligible properties: Single-family homes, condominiums, half-plexes, and qualifying manufactured homes located within Grass Valley city limits.

Who Is Eligible?

To qualify for the program, applicants must meet certain requirements, including:

• Be a first-time homebuyer, generally defined as someone who has not owned a home within the past three years.
• Meet the program’s household income limits.
• Qualify for a first mortgage loan.
• Contribute a minimum of 1% of the home’s purchase price as a down payment.
• Complete an approved homebuyer education or counseling program.
• Purchase an eligible home within Grass Valley city limits that meets the City’s property requirements.

Additional eligibility requirements and restrictions apply. Applicants are encouraged to review the program documents for complete details.

How to Apply

Interested homebuyers should first obtain prequalification for a mortgage loan through a lender. Once prequalified, applicants can contact the City’s program representative to discuss eligibility and the application process.

Completed applications are processed on a first-come, first-served basis, with priority given to complete applications that include a signed purchase contract.

Program Documents

For additional information, eligibility requirements, and application materials, please review the following documents:

First-Time Homebuyer Program Brochure – Overview of the program, income limits, assistance available, and application process.

First-Time Homebuyer Requirements & Checklist – Detailed eligibility requirements, required documentation, and loan terms.

First-Time Homebuyer Application Questionnaire – Initial applicant and household information.

Questions? Contact Us!

For more information about the First-Time Homebuyer Assistance Program, eligibility, or the application process, please contact:

Shannon Sinclair
First-Time Homebuyer Program Contact
City of Grass Valley
125 East Main Street
Grass Valley, CA 95945

Phone: (562) 200-7182
Email: shannon.sinclair@mbakerintl.com

The City of Grass Valley is an Equal Opportunity Lender. Program assistance is subject to eligibility requirements and funding availability.