Down Payment Assistance Program

The City’s Down Payment Assistance Program provides 3.5% simple interest, amortized or partially-deferred loans to low and moderate income applicants earning no more than the income limits as shown in the adjacent table. At the present time, the typical loan provided through the program is a $20,000 loan with a 20 year term. At 3.5% interest, the monthly payment for this loan would be approximately $116 for a fully amortized loan.

Purchase Qualifications

The program is available to 1) first-time homebuyers, and 2) buyers who have owned a home with resale restrictions through the Pleasanton Homeownership Assistance Program (PHAP). In the event of a competing interest for funding, a priority will be given to first-time homebuyers. First-time homebuyer is defined as a household where not more than one household member has held an interest in residential property provided no member of the household has been the sole owner of residential property. For a single head of household, the homebuyer must not have been a sole owner of residential property. Homes purchased through the program must be existing single-family residences located within the current city limits of the City of Pleasanton. Homes purchased in other cities or in the unincorporated areas within or surrounding the City of Pleasanton do not qualify for the program. In addition, to be eligible for the program you must have sufficient credit worthiness to qualify for a first mortgage with a lender. First mortgages must be fixed rate with no negative amortization, balloon payments or adjustable rate features.

Program Qualifications

To qualify for assistance, participants must:

  • Contribute funds in an amount equal to a
    minimum of 3% of purchase price for use as a
    down payment (may be reduced to 1% if other
    CalHFA secondary funding assistance is used).
  • Qualify for your first mortgage with a CalHFA
    approved lending institution.

What other resources are available to help me afford a home?

A Mortgage Credit Certificate (MCC) provides income eligible first-time homebuyers with an opportunity to reduce the amount of federal income tax they owe each year which increases their ability to qualify for a mortgage. This program is run through Alameda County Housing and Community Development Department (HCD). Learn more

Income Limits
(effective April 1, 2020)

Number of
People in
Income Limit at 80% AMI
(max loan of $20K)
Income Limit at 120% AMI
(max loan of $20K)
1 $66,750 $100,150
2 $76,300 $114,450
3 $85,800 $128,750
4 $95,350 $143,050
5 $103,000 $154,500
6 $110,600 $165,950
7 $118,250 $177,350


Interested? Take a look at the Program Guidelines.

City’s DPA Program Guidelines
Down Payment Assistance Program Application

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