The City of San Carlos Redevelopment Agency offers a Downtown Assistance Loan Program for first-time homebuyers who are buying a home in San Carlos. Second mortgage loans up to $55,000 are available at a 3 percent interest rate with no payments due for the first five years. Eligible applicants must have lived or worked in San Carlos for one year prior to applying and must meet certain income limits. The income limits are by family size. These are the new limits:
1 person, $79,800;
2 people, $91,200;
3 people, $102,600;
4 people, $114,000;
5 people, $123,100;
For more information call (650) 802-4263. |
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