Homebuyer Assistance Program (HAP)

The Homebuyer Assistance Program provides assistance to eligible first-time home buyers in the form of low interest loans.  Assistance is provided in the form of "gap" financing.

Program Requirements and Guidelines

  • Borrower(s) shall have incomes at or below 80 percent of the Stanislaus County Area Median Income , adjusted for household size, as published annually by the US Department of Housing and Urban Development.
  • Borrower(s) must acquire a private market first mortgage.
  • Gap financing shall not exceed $60,000. Any financing approved in excess of $50,000 will require council approval.
  • Up to 5 percent of the assistance provided may be used to pay non-recurring closing costs.
GAP financing

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