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City of Garden Grove now offering First-Time Home Buyer Programs

The City of Garden Grove is offering First-Time Home Buyer Programs for qualifying low-income families. The CalHome loan is a 30-year deferred payment loan requiring no monthly payments, not exceeding $60,000, which accrues 3-percent simple annual interest for the life of the loan. The loan is designed to assist with covering the difference between a qualifying mortgage amount and the actual price of a single-family home for qualified low- and very low-income families.

Openings are available for the First-Time Home Buyer virtual workshops which introduce potential Garden Grove homeowners to the process of buying a home, including how to qualify for a home mortgage, and information regarding financial assistance programs offered through the City. The workshops will take place on Saturdays, August 28, 2021, October 23, 2021, December 4, 2021, February 19, 2022, April 16, 2022, and June 4, 2022 from 9:00 a.m. to 12:00 p.m.

To sign up for the workshop or obtain more information on the City’s First-Time Home Buyer Programs contact Timothy Throne at (714) 741-5144, Franklin Loan Center at (949) 231-0142, or visit the City’s webpage at ggcity.org/neighborhood-improvement/first-time-home-buyer-programs. Instructions on how to access the virtual workshops will be provided to participants the week leading up to each date.

This article was released by the City of Garden Grove.