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What is the First-Time Homebuyer Program?

April 26, 2017first-time homebuyer program

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What is the First-Time Homebuyer Program?

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The First-Time Homebuyer Down Payment Assistance Program (FTHB) is designed to promote homeownership for low income, first-time homebuyers in the unincorporated areas (outside city limits) of Tulare County. The program offers mortgage subsidy or closing cost assistance.

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The First Time Homebuyer Program is a second mortgage program that provides financial assistance to eligible very low and low-income households. The assistance (referred to as a subsidy) is provided to eligible families who are first time homebuyers.