HEART First Time Buyer Program
Housing Program
HEART First Time Buyer Program
Program description
Down payment assistance loan program designed to help eligible San Mateo County homebuyers purchase a home with a 5% down payment and no PMI.
Maximum assistance
Up to $182,025 second lien down payment loan
Repayment
Yes
Program categories
County
Assistance Type
Property Type
Organization
Important considerations
The program is offered in partnership with Meriwest Mortgage and is for market-rate homes, not BMR units.
Eligibility & program information
Rank Math Internal Links Processed
1
Status
Active
Additional Info
Maximum first mortgage is up to $970,800 and the maximum purchase price for the combined financing structure is $1,213,500.
State
California
Coverage Type
County Wide
Resources
HEART First Time Buyer Program Official Website
Eligibility Requirements
Must live or work in San Mateo County; home must be purchased in San Mateo County; single-person household income of $180,000 or less or household income of $220,000 or less for two or more people; minimum FICO score of 680; maximum purchase price of $1,213,500; must meet first-time homebuyer or transit-related relocation requirements; must provide at least 5% down payment.
Official Information
Visit the official website(s) for current eligibility, program details, and information on how to apply.