City of Eureka Seeks Requests for Proposals (Bid #2017-25) from Lenders to Provide First Mortgage Loans for Homebuyer Program: The City is seeking requests for proposals from first mortgage lenders to partner with the City to provide Homebuyer loans to low to moderate income eligible borrowers to purchase homes within the city limits. The City Homebuyer Program will provide a second mortgage down-payment assistance loan, up to $100,000, plus up to an additional 3% of the purchase price for eligible closing costs to fill the gap between the purchase price and qualifying loan amount from the first mortgage lender. All interested lenders are encouraged to contact our office and reference the Request for Proposal - Click Here for More Information
For more information or to be added to the City’s Housing Programs Waiting Lists, please contact Kristen Raymond in the Development Services/Housing Division at 707-441-4209 or email her at firstname.lastname@example.org.
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