Relief For First Time Home Buyers
Sonora, CA– There’s good news for first time Mother Lode home buyers.
Mother Lode Bank has received a $90,000 grant from the Federal Home Loan Bank Workforce Initiative Subsidy , (WISH) Program, to provide down payment matching funds for Tuolumne County First-time Homebuyer Programs.
The WISH Program is only available to first-time homebuyers who are participating in the County of Tuolumne’s First Time Homebuyer or Green First Time Homebuyer Programs and meet program qualifications.
The homebuyer would receive both a loan and a grant that combined would help cover acquisition, closing costs and a portion of the down payment.
“The WISH Program is a great benefit to the homebuyer,” said Sheila Shanahan, Housing Program Coordinator for Tuolumne County. It helps a homebuyer with down payment and closing costs and increases the amount of equity they have in their home.”
For more information on first-time homebuyer programs, contact the County of Tuolumne Community Development Department Housing Division at (209) 533-6904.
Written by tina.falco@mloded.com
