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        Homeownership

        ? ? ? ? ?

        Federal Home Loan Bank of San Francisco's

        WISH (Workforce Initiative Subsidy for Homeownership)?

        Federal Home Loan Bank (FHLB) of San Francisco's WISH (Workforce Initiative Subsidy for Homeownership)
        WISH offers first-time homebuyers a matching grant up to $22,000 ($4 for every $1 the homebuyer puts in)
        toward the purchase of a home. WISH grants are provided to eligible homebuyers through FHLB member
        institutions, such as Mechanics Bank, with whom San Pablo EDC is partnering to make the grants available.

        For more information and application contact:?info@www.tongtui.tw or (510) 215-3206

        ADDITIONAL HOMEOWNERSHIP RESOURCES:

        WISH - Federal Home Loan Bank of San Francisco

        PROGRAM HIGHLIGHTS

        ? Up to $22,000 in Down Payment/Closing Costs Assistance

        ? ?Funds are awarded as a 4-to-1 match?($5,500 maximum contribution from buyer)

        ? ?No payments due. 20% is forgiven for ever year you reside in the property; after 5 years?100% of grant is forgiven

        ? ?Funds available on a first-come, first-served?basis with a fully executed purchase contract.?Subject to availability of funds.

        ? ?WISH funds may only be used toward downpayment?or reasonable and customary closing costs in?association with the purchase of a housing unit to?be used as the primary residence of the homebuyer

        QUALIFYING CRITERIA

        ? ?Family income must not exceed 80% of the HUD?Income Limits for Oakland-Fremont CA HUD?Metro FMR Area

        ???Borrower must be a first-time homebuyer

        ? ?Borrower must occupy the property as primary?residence

        ? ?Borrower must complete 8 hours of HUD-approved?first-time homebuyer education

        ? ?Debt to housing expense ratio must not exceed?35% of gross household income

        ? ?Single-family detached homes, condominiums,?and town homes are eligible

        First-time Homebuyers Assistance - California Housing Finance Agency

        • Down Payment Assistance
        • Low-Interest Rates

        First-time Homebuyers Education - ?Balance?

        Foreclosure Prevention -?Keep Your Home California

        • Hardship Qualifications
        • Mortgage Reinstatement Assistance
        • Unemployment Mortgage Assistance
        • Principal Reduction

        Downloadable Forms, Applications, and Marketing Collateral

        WISH Flier

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