Fresno Offers Loans to First-Time Homebuyers

Wednesday, April 28, 2010

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.

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