Sonora, CA – A new program is available for Tuolumne County. The Tuolumne County Board of Supervisors and County Administrator introduced a new New Hire Down Payment and Closing Cost Assistance Program through Country Membership of Rural California County Representatives and the Golden State Finance Authority. The program is available to county regular and relief employees.
The new program will give potential homeowners the option to apply for down payment assistance of up to 3.5% of the mortgage. The assistance comes in the form of a zero percent rate that is deferred as a second mortgage where repayment would occur when the loan is refinanced, the home is sold, or at the end of the loan term.
Employees interested in the program are encouraged to watch two 45-minute virtual interactive presentations followed by a question-and-answer session. Information about this presentation can be found here. Additionally, the Golden State Finance Authority can be contacted at 1-855-740-8422.