Financial assistance will be granted to qualified first-time homebuyers and will be secured by a second deed of trust. The amount available to the individual borrower will represent the minimum amount needed to make an eligible property affordable to the particular household. Eligible properties are single family homes, townhomes, or condominiums. The loan is secured by a second trust deed and a promissory note.
Eligible location is in the City of South El Monte.
Borrower must complete an educational course in home ownership from the lender.