Palo Alto First-Time Homebuyer Loan Program

City of Palo Alto Planning & Development Services

Waitlist Down Payment

About This Program

Provides down payment and closing cost assistance to first-time homebuyers purchasing in Palo Alto. Silent second loan with no monthly payments; repaid when home is sold, refinanced, or transferred.

Deferred payment loan, no monthly payment, due on sale or refinance

Data last verified 2026-06-09. How we verify our data.

Key Details

  • Up to $150,000 down payment assistance
  • For first-time homebuyers in Palo Alto
  • Income at or below 120% AMI
  • No monthly payments on second loan
  • Currently waitlisted

How to Apply

A grant-savvy contractor in Palo Alto, CA can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Your application paperwork

Documents you will likely need

  • Proof you own and live in the home (deed, recent mortgage statement, or property tax bill).
  • A government-issued photo ID for every owner on title.
  • Household income proof (recent pay stubs, last year's tax return, or benefit award letters for everyone in the home).
  • The program's own application form, completed (use the official link or phone number on this page).

Requirements vary by program and locality. Confirm the exact rules on the official program page. We can help you prepare your paperwork, but you submit it yourself.

Deadline: Applications accepted when funds available

Questions about this program?

Ask us. It is free, and a real person answers within a business day.

Email us about this program

Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

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