City of Fontana | Housing Department

To help offset the rise in home prices and to help more families realize the dream of home ownership, the City of Fontana, in conjunction with the Fontana Housing Authority, is offering an assistance program aimed at enhancing and revitalizing the City’s central core.

This program is specifically designed to attract First-Time Homebuyers to the Fontana area. The program is open to homebuyers that have not owned/held interest in a principal residence in the prior three years and can qualify for a First Trust Deed Loan. Borrowers income must not exceed 120% of median household income based on family size. Purchase price limits do not apply. Program participants would be eligible to receive a ma4ximum of $35,000 or 10% of property purchase price.

Borrowers must contribute a minimum of 3% of the purchase price. Program participants must occupy the home as their primary residence for a period of fifteen years. This program offers 15-year deferred loans. Forgiveness of the loan begins after the fifth year of occupancy, and is contingent upon improvements made to the home in an amount equal to that portion of the loan being forgiven. The main emphasis for improvements are on value appreciating capital improvements and exterior enhancement, i.e., front yard landscaping and/or exterior painting, etc. If the home is sold or transferred within the first five years, the full loan amount shall immediately become due and payable.

Approved lenders for the program and their contact information is listed towards the bottom of the page.

Family Size	Annual Household Income Limits
1	$52,100
2	$59,500
3	$67,000
4	$74,400
5	$80,400
6	$86,300
7	$92,300
8	$98,200

Location of Home	City of Fontana’s central core, South of Foothill Boulevard, North of Valley Boulevard, City limits on East and West
Borrower must be	First time homebuyer
Borrower Qualification	Qualify for a first trust deed loan
Borrower Contribution	3% of purchase price
Household Income Limits	120% of Median
Maximum Purchase Price	None
Loan Amount/ Terms	10% Silent Second up to $35,000/15 years-Deferred
Rate of Loan Forgiveness	Begins after fifth year-10% each year thereafter. 100% after 15 years
Forgiveness Requirements	Must make improvements to home in amount equal to that portion of loan to be forgiven. Must live in the home fifteen years for full forgiveness
Other Requirements	Can not have owned a principal residence in past three years. Borrower must attend community home-ownership class.

To participate, contact approved lenders for the Fontana Homebuyer Assistance Program:

Direct lenders that have offices/branches in Fontana can qualify for our program. We are not currently increasing the number of lenders for the program. However, the program is evaluated annually to determine if any modification is needed. Qualified lenders should send business contact information to Sheri Clark (909-350-6634 or sclark@fontana.org) to be added to the Interested Lender List for the program.