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.

  • What are your homeownership education programs about?

    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.

  • What is your financial literacy program?

    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

  • What does your CalHome Downpayment and Closing Cost program offer?

    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.

  • What is your Montebello Silent Second Program?

    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.

  • What does your foreclosure assistance program provide?

    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.

  • What are your corporate homeownership seminars about?

    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.

  • What is your Montebello Mentors Program and what does it offer for local youth?

    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.

  • Does MHDC participate in local trade shows and exhibits?

    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.

  • What does the MHDC acquisition and rehabilitation program offer?

    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.

  • What is MHDC's development 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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