Fresno Offers Loans to First-Time Homebuyers
FRESNO, Calif. (KFSN) -- The city of Fresno is offering help to some first-time home buyers. The new program provides no-interest loans of up to $50-thousand dollars to eligible low income families.
The city will start accepting loan packages from participating lenders on May 3, 2010. Loans will be funded on a first come, first served basis, until the money is gone.
Prospective buyers must be buying their first home, meet some income requirements and provide at least a three-percent down payment.
The city of Fresno hopes to assist about 28-families.
housing, fresno, local
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