323 722 3955

1619 Paramount Blvd., Montebello, CA 90640

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Frequently Asked Questions:Your Guide to MHDC Services

Get clear answers to common questions about MHDC's homebuyer education, mortgage assistance, foreclosure prevention, and more. Learn how our programs empower families to achieve homeownership.

  • Answer: Our homeownership education programs are designed to prepare you for the entire homebuying process. They include one-on-one counseling, credit and budget coaching, and mandatory HUD-approved classes. These programs provide essential knowledge to help you become mortgage-ready and successfully navigate homeownership.

  • Answer: Our financial literacy program equips families with the tools to manage their finances effectively. We cover topics such as budgeting, goal setting, credit management, and post-purchase planning, all essential for maintaining financial stability and securing a home

  • Answer: The CalHome program provides silent second mortgage loans of up to $55,000 to low- and very low-income first-time homebuyers. These funds can be used to cover down payment and closing costs, making homeownership more accessible to those who need it most.

  • Answer: The Montebello Silent Second Program offers deferred second mortgage loans to low- to moderate-income first-time homebuyers within Montebello. These loans help cover the gap between the purchase price and your available funds, easing the path to homeownership.

  • Answer: Our foreclosure prevention program offers comprehensive support to homeowners at risk of losing their homes. We provide counseling, assistance with loan modifications, and guidance on foreclosure alternatives, all free of charge.

  • Answer: Our corporate homeownership seminars are tailored to meet the needs of employers looking to provide valuable homebuying information to their employees. These seminars cover various homeownership programs and offer practical advice on navigating the homebuying process.

  • Answer: The Montebello Mentors Program offers local youth valuable skills training, goal setting, and educational guidance. Participants learn life skills that prepare them for future success, including job readiness and applying for higher education.

  • Answer: Yes, MHDC actively participates in trade shows and exhibits to provide information about our services and connect with the community. We engage with various organizations to promote our programs and outreach efforts.

  • Answer: Our acquisition and rehab program focuses on purchasing and renovating properties to make them available to low- and moderate-income buyers. We collaborate with financial institutions to provide affordable housing options through this program.

  • Answer: MHDC's development program involves the construction of new housing units and the revitalization of existing properties. We are committed to increasing the availability of affordable housing in Southern California, benefiting first-time homebuyers and low-income families.

Start now your journey for homeownership!

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