Updated 2/25/2010- I just called today, funding is currently available.
Down Payment Assistance Program
The City of Livermore’s Mortgage Assistance Program’s Down Payment Assistance (DPA) provides a second mortgage loan for first time homebuyers who desire to live in the City of Livermore. The program is administered through the Housing and Human Services Division which works to maintain and expand housing opportunities for low and moderate-income households throughout the City. Purchasing a home in the City of Livermore is a wonderful choice, as Livermore is a community that cares about maintaining the character of its neighborhoods and enhancing the quality of life of its citizens.
Click on the links below to view and download the flyer, application and detailed guidelines for the Mortgage Assistance Program. For additional information, contact the City’s Housing Division at 925-960-4580
Income Guidelines
These limits are summarized in the following table:
| Household Size | Income Limit |
| 1 | $72,360 |
| 2 | $82,680 |
| 3 | $93,000 |
| 4 | $103,320 |
| 5 | $111,600 |
Total downpayment assistance is limited to 20% of the purchase price of the home.
Applicants shall use the home purchased under this program as their primary residence.
Purchase Qualifications
Homes purchased through the program must be existing single family residences located in the City of Livermore. Homes purchased in other Cities or in the unincorporated area within or surrounding the City of Livermore do not qualify for the program.
In addition, to be eligible for the program you must have sufficient creditworthiness to qualify for a first mortgage from a City approved lender. First mortgages must be fixed rate loans with no negative amortization, balloon payments or adjustable rate features.
To qualify for assistance participants must contribute funds in an amount equal to a minimum of 3% of the purchase price for use as a downpayment.
Applicants who currently live or work in Livermore shall be given priority over other applicants.
Homes purchased must be single-family residences. This includes condominiums, townhouses, mobile homes, and single units that are part of a couplet or duet. Multi-unit structures (Duplexes, tri-plexes etc.) where more than one unit is being purchased are not eligible.
Loan Qualifications
Applicants must meet Program Guidelines. Prior to receiving funds, approved Program Participants shall execute a Promissory Note for the amount of the loan secured by a deed of trust to the property with the City of Livermore as the beneficiary.
To view the City of Livermore’s website, please CLICK HERE
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