Homebuyer Assistance Program (HAP)

Homebuyer Assistance Program (HAP)


The Homebuyer Assistance Program provides assistance to eligible first-time home buyers in the form of low interest loans.  Assistance is provided in the form of "gap" financing.

Program Requirements and Guidelines

  • Borrower(s) shall have incomes at or below 80 percent of the Stanislaus County Area Median Income , adjusted for household size, as published annually by the US Department of Housing and Urban Development.
  • Borrower(s) must acquire a private market first mortgage.
  • Gap financing shall not exceed 60,000. Up to 5 percent of the assistance provided may be used to pay non-recurring closing costs.
GAP financing