Development Services

Housing Program Services

First Time Homebuyers' Program

En Español

The City of Turlock’s First Time Home Buyers Program (FTHB) helps eligible applicants purchase a home with 40% of the sales price to assist with the down payment.

Funding Availability Status:

We are accepting names onto our waiting list for funding at this time. Please call (209) 668-5610 if you have any questions. (Updated 4/25/2012)

Requirements for the program:

You must meet all of the following requirements to be eligible for this program.

1. You must be below 80% of Stanislaus County’s median income for the number of people in your household. See the following income table.
2. You must contribute a minimum of $3,000.00 to be used toward the purchase of the home. Funds must be available at time of application.
3. You must have good credit with no outstanding collections, judgments, liens or any other negative debt. You must qualify for a new current market rate first mortgage with a lender of your choice that is acceptable to our First Time Homebuyer Program.
4. You must not have owned a home within the last three years and you must occupy the purchased property as your primary residence.
5. The property must not exceed single family mortgage limits. Contact us for current limit.

Income Table

( HUD Dec 2011 for 2012 )

Number in Family	Median income for Stanislaus county
	80%
1	$34,750
2	$39,700
3	$44,650
4	$49,600
5	$53,600
6	$57,550
7	$61,550
8	$65,500

Repayment of the Loan

No monthly payments are required. Loan will accrue at 3% simple interest for 30 years.

The total amount of the loan plus any accrued interest becomes due and payable when the property is sold, rented, no longer occupied by the primary borrower or 30 years which ever occurs first.

To Apply:

Obtain all the items on the following Document Checklist, and then call our office at (209) 668-5610 to schedule an appointment. Applicants are processed on a first come first serve basis.

Document Checklist

Please have all of the items listed below before calling for an appointment.

1.	a. _____	Last three years tax returns
	b. _____	Most recent month pay stubs.
	c. _____	Other proof of income for household members
2.	_____	Last three months bank statements showing a minimum balance of $3,000 including the bank name, address, phone number and account number.
3.	_____	Written list of all your creditors showing the balance due and monthly payments to each.