The program helps homebuyers by providing financial
assistance with a low interest loan for down payment and
closing costs. The maximum loan amount is $10,000.
Qualifying Income Limits
Homebuyer must currently live in the City of
Modesto, or in the sphere of influence with a
Modesto address during the last six consecutive
months, or be employed in the Modesto city limits
for the past six consecutive months.
Homebuyer's FICO (Fair Isaac Company) credit
score must be 610 or higher.
Homebuyer must provide a minimum initial
investment of 1.75% of the sales price.
No monthly payments are required during the 30-year term of the loan.
Repayment required only upon the sale, refinance,
transfer or rental of the property or maturity of