Yes, the City of San Carlos Redevelopment Agency offers a Downpayment Assistance Loan Program for first-time homebuyers who are buying a home in San Carlos. Thirty-year, second mortgage loans up to $55,000 are available at a 3 percent interest rate with payments deferred for the life of the loan. 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. For more information call (650) 802-4263 or visit:
1 person, $71,100;
2 people, $97,500;
3 people, $109,700;
4 people, $121,900;
5 people, $131,650;
For more information call (650) 802-4263.
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