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You are here:   Government > Economic Development > Housing > First Time Home Buyer Program

Down Payment Assistance Programs

First Time Home Buyer Program (FTHB)

The City of El Monte will be introducing the First Time Home Buyer Program  (FTHB) in 2013. The FTHB program is a second silent mortgage loan  program  designed to assist qualified low-income individuals with the  purchase of their first  home. Program assistance is limited to $60,000.00  (inclusive of applicable  program fees) or the lesser amount (with zero percent interest) necessary to  provide the “gap” assistance required to meet the Program’s front-end ratio  requirements of 25%-35%, whichever is lower.

This program is implemented on a first-come first-served basis, and is subject to funding availability.


Eligible Participant:

Must be at least 18 years of age;
Must be a lawful permanent resident of the United States;
Must have a gross annual household income that does not exceed 80% of the area median income (AMI) for Los Angeles County:
Household Size Maximum Annual Gross Income


2 $54,000
3 $60,750
4 $67,450
5 $72,850
6 $78,250
7 $83,650
8 $89,050

Source:  State of California Housing and Community Development Department (HCD).  Effective February 1, 2012 and subject to change.

Must not have held ownership in a residential property within the preceding three (3) years from time of application; and
Must complete a mandatory, HUD-approved Home Buyer education course.


Occupancy Requirement:
Participant must occupy the property as a principal place of residence for the term of the loan or until the residence is sold. Participant will be required to submit an annual Affidavit of Occupancy.
Underwriting Criteria:
Participant shall have sufficient income, creditworthiness, meet lender’s underwriting criteria, and fall within the allowable debt ratio to qualify for primary financing. 
Down Payment Requirement:
Eligible participant must have a minimum down payment equal to at least 1% of the purchase price plus closing costs. 
Eligible properties:
Properties must be located within the City of El Monte, and must be designated for residential use (R-1 zoned). Properties shall contain no more than one (1) residential unit. Eligible properties include:
1) Single-family homes;
2) townhomes; and
3) condominiums
If you would like more information on this program, please contact the Economic Development Department - Housing Division at (626) 580-2070 or  Please click here for the brochures:

First-Time Home Buyer Program Brochure

Programa Para Comprador de Casa por Primera Vez


General Information

City Hall West
11333 Valley Boulevard
El Monte, CA. 91731-3293
(626) 580-2070
(626) 580-2293
Hours:  8:00 a.m. -  5:30 p.m.
  Monday through Thursday

Closed on Weekends and Major Holidays

HUD Income Limits

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