First Time Homebuyers

• Mortgage Assistance Program
• American Dream Downpayment Initiative Program
  
  
• Alameda County Mortgage Credit Certificate
  The Mortgage Credit Certificate Program (MCC) is a federal program that helps first-time homebuyers to qualify for mortgage loans. MCCs give homebuyers a “dollar for dollar” tax credit against federal income taxes equal to up to fifteen percent (15%) of annual mortgage interest. By effectively reducing monthly mortgage payments, MCCs give homebuyers greater ability to qualify for and support a mortgage loan. Program participants are subject to limits on maximum household income and maximum home purchase price. If the home buyers’ tax liability is lower than their available MCC tax credit, they can carry forward the unused tax credit for three additional years.

  The MCC program is administered by the Alameda County Housing and Community Development Department. For more information about the MCC program, or to obtain a list of participating lenders, contact the Alameda County Housing and Community Development Department office at (510) 670-5246
  

Teachers and Public Safety Employees

• Public Safety Employees & Teachers - Downpayment Assistance
• Extra Credit Teachers Program (State of California program)

Other Homebuyer Loan Resources

• ACORN Housing Corporation
• California Housing Finance Agency (CalHFA) Programs
• Neighborhood Assistance Corporation of America (NACA)
  

Homebuyer Assistance / Counseling
For organizations that can counsel and assist with the homebuying process, see the counseling page.

Banks and Lending Institutions in Oakland - see our list of lenders and the programs in which they participate.

When buying a home, protect yourself against excessive fees, high interest rates and other predatory lending tactics.  More about Predatory Lending...