Lending Program

Mortage aid

 
 
The Sacramento-based California Housing Agency has expanded its Extra Credit Teacher Home Purchasing Program.  
 
The down payment assistance comes as a loan, which recipients are not required to pay back until the home is refinanced, sold or the mortgage is paid off.  
 
Under the the program, public school employees in Placer, Sacramento, El Dorado and Yolo counties could qualify for up to $15,000 or 3.5 percent of the sales price or appraised value, whichever is greater.  
 
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