Norwalk First Time Homebuyer Loan Program
Funding status: Active
How much assistance
Up to $85,000 (Zero-Interest Loan)
Deferred loan with 30-year term (20 years for mobile homes). Repayable upon sale, refinance, or transfer of property.
Eligibility
- Income limits: At or below 80% of area median income
- First-time buyer required: Yes — Must not have owned a home during the three-year period immediately prior to purchase.
- Geographic restrictions: Must purchase within the City of Norwalk. Norwalk residents of at least one year receive priority.
- Homebuyer education required: Yes
How to Apply for Norwalk First Time Homebuyer Loan Program
Step 1: Contact the City of Norwalk Community Development Department to request an application. Program is funded by state and federal housing grants.
Notes
Program funded by CalHome Program and other state/federal sources. Norwalk residents given priority over other applicants. Assistance amount varies based on sale price, annual household income, and down payment.