Hey there! If you’re looking for help buying your first home in Woodland, California, you’re in the right place. The City of Woodland First-Time Homebuyer Program might be the boost you need to make homeownership a reality. Let’s dive into the details!

Program Overview

The City of Woodland’s First-Time Homebuyer Program offers financial assistance to eligible buyers to help with down payments and closing costs. It’s designed specifically for first-time homebuyers who need a little extra help to get started.

Source of Funding

This program is funded through the HOME Investment Partnerships Program.

Eligibility Criteria

• First-Time Homebuyer: Must not have owned a home in the last three years.
• Income Limits: Household income must be at or below 80% of the Area Median Income (AMI) for Yolo County.

Income Limits (Effective May 9, 2024)

• Primary Residence: The home must be used as your primary residence.
• Homebuyer Education: Completion of a HUD-approved course is required.

Program Benefits

• Deferred-Payment Loans: Assistance for down payments and closing costs with no immediate monthly payments required.
• Low-Interest Rates: Affordable interest rates to make homeownership more manageable.

Potential Drawbacks

• Interest List: As of the latest update, the program’s interest list is currently closed, so new applications might need to wait.
• Residency Requirement: Buyers must live in the home as their primary residence. Renting or selling may trigger repayment.

Application Process

1. Check if the interest list is open by contacting the Housing Division.
2. Reach out to the City of Woodland’s Housing Division for application materials.
3. Complete a HUD-approved homebuyer education course.
4. Submit your application along with required documents.
5. Wait for eligibility review and approval.

Contact Information

If you’re interested, here’s how to reach out for more details:

• Address: 300 First Street, Woodland, CA 95695
• Phone: (530) 661-5831
• Website: City of Woodland Housing Programs

Final Thoughts

Owning your first home can feel overwhelming, but programs like this can make the process much more manageable. While the interest list may be closed at the moment, it’s worth keeping an eye on future openings. Reach out to the City of Woodland Housing Division for updates, and start planning your path to homeownership today!