PROGRAM UPDATE: Funds for the current fiscal year are now available!


What is the First Time Homebuyer Program?

It is a second mortgage loan program to assist qualified low-and moderate-income individuals with the purchase of their first home. FTHB loan funds are to assist with down payment and/or closing costs.

What are the maximum income limits and FTHB loan amounts?

Households earning at or below 60% of Area Median Income are eligible for up to a $40,000 loan. Those earning between 61% and 80% of Area Median Income are eligible for up to a $30,000 loan, and for those earning between 81% and 100% of Area Median Income are eligible for up to a $20,000 loan.

How much money can I borrow?

The maximum loan amount is 20% of the home sales price, or appraised value, whichever is lower, up to the maximum of $40,000 based on the above described household income and household size.

Who is eligible for a loan?

Borrower must be a first time homebuyer, which is a household that has not owned a home within the past three years. Borrowers must be able to qualify for a first mortgage from a participating lender from the Concord Preferred Lender List. The homebuyer must provide a minimum of 3% of the purchase price.

What homes are eligible for purchase?

Homebuyers may purchase an existing single-family detached home, condominium, or townhouse located anywhere within Concord City Limits.

What are the loan terms?

  • The loan is a zero-interest, 15-year loan. Loan payments are deferred, with the loan being due at the end of 15 years or earlier if the house is sold.
  • The City loan carries shared appreciation when the home is sold. For example, if the original sales price is $200,000 and the City loan is $20,000, the City’s “share” of the appreciation is 10%. At the time of sale or refinance to pay off the City loan, 10% of the appreciation will need to be paid to the City. When the City loan is paid off the shared appreciation obligation ceases.

Are there any other requirements?

  • Borrowers must attend a City-approved FTHB Counseling Workshop. Click here for a list of HUD Counseling Agencies that offer workshops.
  • A home purchased under the FTHB program must be, and remain, the borrower’s principal place of residence. The property cannot be leased or rented during the term of the City loan.
  • Persons with ownership in most real estate assets are not eligible.
  • Funds are limited. Assistance is provided on a first-come, first-served basis, as long as funds remain available.

How do I apply?

To apply, please follow the steps below:

Hello Stewardship – City of Concord
P.O. Box 423690
San Francisco, CA 94142

For more information, please email Hello Housing staff.

Program Income Limits

(effective April 2020)

Income Limits by Percentage of
Area Median Income (AMI)
60% 80% 100%
1 $45,700 $73,100 $83,450
2 $52,200 $83,550 $95,350
3 $58,750 $94,000 $107,300
4 $65,250 $104,400 $119,200
5 $70,500 $112,800 $128,750
6 $75,700 $121,150 $138,250
7 $80,950 $129,500 $147,800


Interested? here are some additional resources to help you get started


APPLY NOW: City of Concord FTHB Affidavit of Household/Application

FTHB Checklist of Documents

First Time Homebuyer Borrower Disclosure

Concord Preferred Lender List

CalHFA Financing Programs


Matt Franklin, President of MidPen and Hello Housing board president, believes everyone deserves quality, affordable housing.

Michelle is a proud new homeowner who purchased a Hello Housing NSP home in San Lorenzo.

Board Member Rick Jacobus is a national expert using data, not anecdote, to design more impactful affordable homeownership programs.

Mardie Oakes, President, blends finance, design and development to make places people thrive.

Jennifer Duffy, Vice President, turns opportunity into action with the Hello Housing team.

Apple lives in a new type of housing made possible by Senate Bill 962, sponsored by former Senate pro Tem Darrell Steinberg.

Larry shares a duplex with two housemates in an innovative residential program called the Family Teaching Model.

Tien is a proud new owner of an affordable home in Newark, as well a box full of tools to make home repairs easy.

Matt Warner, Program Director for Hello Stewardship, makes affordable homeownership happen.