Downpayment Assistance (GAP Loan) Program
The program is a deferred down payment assistance loan program designed to assist low-income, first-time homebuyers towards their dream of homeownership. The following must be met in order to qualify:
- Loan amount can be 20% of the sales price up to $40,000 (whichever is lesser)
- Must income qualify
- Loans are processed on a first-come, first serve basis
- Purchased home must be located in Lathrop
Below income limitations apply:
Family Size |
Income Limitation (per year)* |
1 | $49,100 |
2 | $56,100 |
3 | $63,100 |
4 | $70,100 |
5 | $75,750 |
6 | $81,350 |
*FY 2023 Income Limits Summary for San Joaquin County, HUD.Gov