Stockton First Time Homebuyer Program

First Time Homebuyer Program | Stockton Down Payment Assistance

The City of Stockton has a special interest in helping low-income and moderate-income families meet their housing needs by assisting first time homebuyers purchase homes.  Home ownership helps revitalize neighborhoods, maintains safe and pleasant living environments and stimulates the local Stockton economy.  The Down Payment Assistance Program is designed to assist first time homebuyers purchase their first home.  The City of Stockton works directly with the lender.  If you are  interested in the program contact me to make sure you qualify.

First Time Homebuyer-Stockton-Down payment assistance

Q. What is the City of Stockton Down Payment Assistance Program (DAP)?

The program provides funds towards the purchase of a single-family home or a condominium unit for median income first time homebuyers. Funds can be used towards the down payment, prepaid mortgage insurance, closing costs, or permanent mortgage interest rate buy down

(lowering the interest rate on your purchase loan by paying points). First Time Homebuyer-Stockton-Down payment assistance

Q. How do I know if I am qualified to use the program?

The first qualification is whether or not you are a first time homebuyer.

The second would be to view the income restrictions for the program.

Income Eligibility by Household Size is available HERE

The remainder of the program qualifications will be handled by me or your city approved lender.

Q. Do I have to be a first time homebuyer?


Q. What’s a first time homebuyer?

Any homebuyer who hasn’t had ownership interest in a home in 3+ years

Q. Do I have to live in Stockton?

The program is available to buyers who have lived within the city limits of Stockton
for a minimum of 12 months prior to application OR have completed one year of
employment within the city limits of Stockton.

Q. Where can I buy?

The property must serve as the purchaser’s primary residence and must be
located within the city limits of Stockton. No purchases outside of city limit
boundaries can be assisted. Take note of San Joaquin County boundary lines
within the Country Club and Lincoln Village West areas.

FYI: If the street is missing sidewalk it may be out of the city limits

Q. How much money do I need to invest, if I use this program?

The minimum investment from the buyer must equal 1.5% of the purchase price.
Buyers may use more of their personal money, if it is available, or verified gift funds.

Other down payment assistance programs can be combined with this program including  CALHFA and CHF.

Q. How much can I borrow?

The program will lend up to 5% of the purchase price, plus the closing costs
towards the purchase of the home. The exact amount available to you will be
determined based upon the details of your purchase, such as purchase price,
amount of funds you will be contributing to purchase, amount of purchase loan from
lender, etc.

Q. Do I have to pay the money back?

The funds are loaned for 30 years with a simple interest rate of 3% for the first 15

years and zero interest for remaining 15 years. Payments are not required during
the 30 years; however, the loan principles and interest are due all at once (balloon
payment) at the end of the 30 years. You will also have to repay the loan if you sell,
refinance or no longer live in the property before the end of the 30-year loan term. If
you choose, payments may be made during the 30 years in any amount you wish.
There is no prepayment penalty. The City does not charge to make the loan.

Q: How Do I Apply?First Time Homebuyer-Stockton-Down payment assistance

Contact me and I will take care of the pre-qualification, contact the city and even find out if NSP has porperties available in your price range.

Q: Do I have to attend any classes to use this program?

Yes. Each borrower is required to attend a first time homebuyer class from a City-approved provider. You must provide a certificate of completion to your lender. Here are some trainers:



  • Visionary Home Builders  – (209) 466-6811
  • By Design Financial Solutions – Stockton  – (209) 956-1176
  • S.T.A.N.D Affordable Housing Program  – (209) 937-7625
  • NeighborWorks  – (209) 473-4363
  • N.I.D.  – (209) 952-8806

Q. Is there anything else that I should know?

Ask questions! None of us are born knowing how to buy a house. Don’t feel
embarrassed because you don’t understand something.

First Time Home Buyers are welcome!!

Jeff Womack

Jeff Womack

Sr Loan Officer and Mortgage Blogger at The Mortgage House Inc.
HARP, FHA, VA, Conventional, USDA, down payment assistance. Blogger and mortgage expert helping potential home buyers finance homes . Serving Stockton, Lodi, Elk Grove, Sacramento (NMLS #262055)
Jeff Womack


Mortgage & real estate information with your home loan expert in the Stockton and Sacramento area.
Jeff Womack