Please ensure Javascript is enabled for purposes of website accessibility
Fresno First-Time Homebuyer Program Offers $17,500 in Help
bill-new-mug-002
By Bill McEwen, News Director
Published 2 years ago on
June 16, 2022

Share

 

Mayor Jerry Dyer announced a collaboration with Bank of America on Thursday that provides as much as $17,500 to qualifying Fresno residents to buy their first home.

The program is designed to help people in underserved areas overcome two of the big barriers to homeownership: saving for a down payment and coming up with closing costs.

Grants Don’t Have to Be Paid Back

The Bank of America Down Payment Grant provides up to 3% of the house purchase price or $10,000 toward a down payment. The funds do not require repayment.

America’s Home Grant® offers a lender credit of up to $7,500 that can be used for closing costs, such as title insurance and recording fees, or to permanently buy down the interest rate. The funds do not require repayment and can be combined with funds from the down payment grant.

Certain eligibility requirements apply, such as being owner-occupants.

More Details to Come

Dyer said in a news release that the grant program aligns with his One Fresno Housing Strategy.

More details about the program will be announced Friday morning outside City Hall at a news conference featuring Dyer and Bank of America officials.

RELATED TOPICS:

DON'T MISS

Juror Dismissed From Trump Hush Money Trial. Prosecutors Seek to Hold Former President in Contempt

DON'T MISS

Keaton Winn Throws Six Solid Innings as Giants Take Series From Marlins

DON'T MISS

Attorney Suing Fresno Grizzlies for $5 Million Is No Stranger to ‘Ladies Night’ Cases

DON'T MISS

Hagrid Has a Bit of a Playful Side, but the Heart of a Giant. And He’s Ready for Adoption

DON'T MISS

Biden Backs House’s Aid Package for Ukraine, Israel While Speaker Johnson Battles to Retain Position

DON'T MISS

Hot Rod Willys: Driven to Bake the Perfect Chicago-Style Pizza

DON'T MISS

Local Leaders Must Put Their Shoulders Into Making Fresno ‘Education City USA’

DON'T MISS

EdSource Welcomes Fresno News Veteran Jim Boren to Its Board

DON'T MISS

Senate Dismissed Two Articles of Impeachment, Ending Trial on Mayorkas

DON'T MISS

Netanyahu Dismisses Calls for Restraint, Says Israel Will Decide Iran Attack Response

UP NEXT

Attorney Suing Fresno Grizzlies for $5 Million Is No Stranger to ‘Ladies Night’ Cases

UP NEXT

Hagrid Has a Bit of a Playful Side, but the Heart of a Giant. And He’s Ready for Adoption

UP NEXT

Biden Backs House’s Aid Package for Ukraine, Israel While Speaker Johnson Battles to Retain Position

UP NEXT

Hot Rod Willys: Driven to Bake the Perfect Chicago-Style Pizza

UP NEXT

Local Leaders Must Put Their Shoulders Into Making Fresno ‘Education City USA’

UP NEXT

EdSource Welcomes Fresno News Veteran Jim Boren to Its Board

UP NEXT

Senate Dismissed Two Articles of Impeachment, Ending Trial on Mayorkas

UP NEXT

Netanyahu Dismisses Calls for Restraint, Says Israel Will Decide Iran Attack Response

UP NEXT

New Study Calculates Climate Change’s Economic Bite Will Hit About $38 Trillion a Year by 2049

UP NEXT

Biden Pledges to Block Japanese Takeover of US Steel and Promises Tariffs on Chinese Steel

Bill McEwen,
News Director
Bill McEwen is news director and columnist for GV Wire. He joined GV Wire in August 2017 after 37 years at The Fresno Bee. With The Bee, he served as Opinion Editor, City Hall reporter, Metro columnist, sports columnist and sports editor through the years. His work has been frequently honored by the California Newspapers Publishers Association, including authoring first-place editorials in 2015 and 2016. Bill and his wife, Karen, are proud parents of two adult sons, and they have two grandsons. You can contact Bill at 559-492-4031 or at Send an Email

Hagrid Has a Bit of a Playful Side, but the Heart of a Giant. And He’s Ready for Adoption

Animals /

5 hours ago

Biden Backs House’s Aid Package for Ukraine, Israel While Speaker Johnson Battles to Retain Position

17 hours ago

Hot Rod Willys: Driven to Bake the Perfect Chicago-Style Pizza

18 hours ago

Local Leaders Must Put Their Shoulders Into Making Fresno ‘Education City USA’

18 hours ago

EdSource Welcomes Fresno News Veteran Jim Boren to Its Board

19 hours ago

Senate Dismissed Two Articles of Impeachment, Ending Trial on Mayorkas

19 hours ago

Netanyahu Dismisses Calls for Restraint, Says Israel Will Decide Iran Attack Response

20 hours ago

New Study Calculates Climate Change’s Economic Bite Will Hit About $38 Trillion a Year by 2049

20 hours ago

Biden Pledges to Block Japanese Takeover of US Steel and Promises Tariffs on Chinese Steel

20 hours ago

Don Arax Talks About His New Football Job at Visalia’s Central Valley Christian

21 hours ago

Juror Dismissed From Trump Hush Money Trial. Prosecutors Seek to Hold Former President in Contempt

NEW YORK — A juror in Donald Trump’s hush money trial was dismissed Thursday after expressing doubt about her ability to be fair and i...

8 mins ago

8 mins ago

Juror Dismissed From Trump Hush Money Trial. Prosecutors Seek to Hold Former President in Contempt

20 mins ago

Keaton Winn Throws Six Solid Innings as Giants Take Series From Marlins

39 mins ago

Attorney Suing Fresno Grizzlies for $5 Million Is No Stranger to ‘Ladies Night’ Cases

Animals /
5 hours ago

Hagrid Has a Bit of a Playful Side, but the Heart of a Giant. And He’s Ready for Adoption

17 hours ago

Biden Backs House’s Aid Package for Ukraine, Israel While Speaker Johnson Battles to Retain Position

18 hours ago

Hot Rod Willys: Driven to Bake the Perfect Chicago-Style Pizza

18 hours ago

Local Leaders Must Put Their Shoulders Into Making Fresno ‘Education City USA’

19 hours ago

EdSource Welcomes Fresno News Veteran Jim Boren to Its Board

MENU

CONNECT WITH US

Search

Send this to a friend