Concord First Time Home Buyer Program
Federal Home Loan Bank and WISH Program
The Federal Home Loan Bank’s (FHLB) Wish Program is often combined with FTHB Program funding. WISH offers a maximum $32,100 hybrid grant/loan subsidy program that is subordinate to the FTHB Program loan. For more information on the WISH Program, click here.
BAAHA works with FTHB certified lenders that have access to the WISH Program. The WISH Program funding availability historically has run from March to December of each calendar year, depending on the amount of FHLB funding made available and the demand for funds.
Additional Subsidy Funding Sources
BAAHA focuses on coordinating and layering multiple financial resources to maximize the purchasing power of first-time homebuyers. Accordingly, BAAHA seeks to leverage Concord’s FTHB funding with other funding sources.
The maximum allowed income levels to participate in the Concord’s FTHB Program are 150% of Contra Costa County’s area median income (more details can be found in the Maximum Household Income section of the eligibility requirements page). Households whose income does not exceed 80% of the area median income may qualify for additional funding sources, such as the Federal Home Loan Bank’s WISH Program. The income limits for 80% of area median income based on household size can be found in the table below:
Other Funding Sources
Certified First Lenders - BAAHA also partners with Certified first lenders that, based on funding availability, can provide, up to an additional $15,000 in down payment and closing cost assistance.
Non-profit and Government Agencies – BAAHA and our Certified First Lenders collaborate to secure available down payment and closing cost assistance from non-profit and government sources.
The above referenced funds are limited and distributed on a first come first served format. Neither the City nor BAAHA can assure the availability of future subsidy funds.
| Household size | 1 | 2 | 3 | 4 | 5 | 6 |
| Maximum Low Income Allowance | $87,550 | $100,050 | $112,550 | $125,050 | $135,100 | $145,100 |