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Montebello Cal Home Silent Second Mortgage
MHDC provides up to $55,000 in Down Payment Assistance for silent second mortgage loans to low-income, first-time homebuyers. Home purchase is open to any county in California.
Montebello Second Mortgage Loan Program
The Montebello Silent Second Mortgage Loan offers up to $75,000 in down-payment assistance to first-time homebuyers and is available for all counties within California. This program is designed to help bridge the financial gap between buyers' resources and the home purchase price, making homeownership more attainable.
It is a second mortgage loan that does not require repayment for 30 years and carries a 3% interest rate. Prospective buyers who meet the eligibility criteria are encouraged to verify their eligibility and reach out to MHDC for further details
Must meet the income requirements.
MUST PUT A MINIMUM DOWN PAYMENT EQUAL TO 3% OF THE SALES PRICE
Los Angeles County Income Limits 2025
Start now your journey for homeownership!