Deferred Payment, Low-Interest Loans
to Repair and Rebuild
Recovery from wildfires and other natural disasters takes time, and it can be a difficult journey. Now at the second and third-year mark from the Woolsey and Creek fires, we have special low-interest loan funding available for our community members that suffered losses and have not been yet able to fully recover.
CalHome Loans
- Up to $150,000 in loans per household
- No payments required during 30-year term
- 1.5% interest, forgiven over the term of the loan
- Applicants must be at or below the moderate-income level. See table
- The structure must have been damaged or destroyed due to 2017 or 2018 disaster: DR4344, DR4353, DR4382, or DR4407
- Eligible Costs
- reconstruction or repairs to an existing home
- construction of an accessory dwelling unit
- replacement of a manufactured home
Prequalification Questionnaire
|
2021 Income Eligibility Limits |
|
| Number of People in Household |
Maximum Income Limit |
| 1 | $64,900 |
| 2 | $74,200 |
| 3 | $83,500 |
| 4 | $92,750 |
| 5 | $102,200 |
| 6 | $109,750 |
These are just some of the requirements. Please email Jessica Lawson for more information.