Thursday, May 14, 2009

City Sponsor Home Buying Seminar

The City of Alameda has a workshop for first time home buyers this is required for anyone who wants to apply for the City's Down Payment Assistance program. The workshop is this Saturday if you already have plans the City will host the free workshop again in August.

From City of Alameda Website

The dream of owning a first home in Alameda can be a reality for a few more families, thanks to the City's Down Payment Assistance Program (DPA program). The City's DPA program provides up to $80,000 in assistance, serves households with low-to moderate incomes, and gives preference to families that currently live or work in Alameda.

Although the Alameda housing market is relatively strong in comparison to neighboring cities, there has been a slight decline in the median cost of homes and an increase in bank-owned properties. Alameda's current housing market, combined with today's low mortgage rates and the City's DPA program, makes homeownership within the community more attractive among first-time homebuyers.

Attend a Free Seminar
The City sponsors free Homebuyer Education Seminars that explain the City's DPA program, Federal/State/County first-time homebuyer programs, and the home loan prequalification and approval process. The seminars also cover all aspects of the home-buying process. Seminar participants will receive a comprehensive information packet containing details about homebuyer counseling, programs and other resources. Participants will receive a certification of completion that will satisfy the certification requirement of the City's DPA program as well as other first-time homebuyer programs.

The next Homebuyer Education Seminars will be held at Alameda High School on Saturday, May 16, and Saturday, August 29, from 9:00 a.m. to 1:30 p.m. A seminar is also planned for November. Registration for the seminars, which are administered by First Home Inc., can be done online at or by calling (415) 561-5600 x 125.

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