Monterey County First-Time Homebuyer Program

Monterey County Housing and Community Development

Waitlist Down Payment

About This Program

Provides down payment and closing cost assistance to first-time homebuyers purchasing in Monterey County. Structured as a deferred second mortgage with no monthly payments, due upon sale, transfer, or refinance of the property.

Deferred loan amount for down payment and closing costs

Key Details

  • Down payment assistance up to $50,000
  • Deferred loan with no monthly payments
  • Must be first-time homebuyer
  • Income limits vary by household size
  • Currently on waitlist

How to Apply

Deadline: Program currently on waitlist, check for reopening

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