First Time Homebuyer Stockton, Lodi, Elk Grove

Stockton First Time Homebuyer programs | Down Payment Assistance

After 5 years of foreclosures and short sales, the Stockton home marketplace has very little resemblance to the over- inflated housing boom of the 2000’s.  Today, Stockton first time homebuyers can purchase homes at nearly 30% of their 2007 values.  With historically low interest rates and values not seen since the mid 90’s, first time homebuyers are lining up to take advantage of this market.

The “First Time Homebuyer” term represents all buyers who haven’t owned or received ownership interest on property in 3 years.

Why is the first time homebuyer term used? Why does it matter?

As a first time homebuyer, you are given the opportunity to qualify for down payment assistance programs that aren’t available to experienced home owners.  Each program is run by a different organization and most offer funds for first time homebuyers who fit the set guidelines.

What type of guidelines do I have to fit into to take advantage of first time homebuyer programs?

  • Income limitsCity of Stockton Down Payment Assistance first time homebuyer
  • Loan to value limits
  • Sales price limits
  • Debt to income limits
  • Asset requirements

Down payment assistance is given in the form of grants and silent seconds.  Grants are funds that do not have to be repaid.  Silent second loans do not require payments for the 30yr term and are non-compounding loans; in other words accrued interest is not charged interest.

If you currently live in San Joaquin County  or Sacramento County in areas like Stockton, Lodi, Elk Grove, Galt, Tracy, Lathrop, Linden, Manteca, or Sacramento you may want to check some of the links below or contact me for updated information.  Many of these programs can be combined together.


CALHFA – 3% Silent SecondCalFHA First Time homebuyer Mortgage CHDAP Stockton Lodi Elk Grove

CHF Platinum Program – 3% Grant

City Of Stockton – Up to 10% | Silent Second

San Joaquin County – 10% Up to $15,000 |Silent Second

City of Elk Grove – 20% Up to $40,000

City of Lodi – Currently Unavailable

Wish Program – Up to $15,000 | 3/1 Match Grant | Call for DetailsCHF latinum Program

What items do I need to get pre-qualified?

  • 3 Years Taxes
  • 3 Years W2’s
  • 3 Months Bank Statements
  • 3 Months Pay Stubs
  • Drivers License
  • Social Security Card
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