City of Azusa


Homebuyer Program

Program Overview

Effective Spring 2023


You must occupy the property as your primary place of residence.

You must contribute three percent of the purchase price from your funds.

You must not have owned a residential unit or been on the title of a residential unit within the last three years.

The maximum CalHome loan amount will be 40 percent of the Borrower’s purchase price for the property, or up to a maximum of $100,000.

The purchase price may not exceed $650,000, subject to periodic adjustments.

You must complete a CalHome Approved Homebuyer Education Class.

The total gross annual income of the entire household must not exceed 80 percent of the Los Angeles County Area Median Income (AMI).

Property Guidelines

The property must be within the City of Azusa’s limits/boundaries.

The property may be a new or resale single-family detached unit, condominium, townhouse, or manufactured home on a permanent foundation.

Occupancy Ratio: No more than 1.5 people per living space (including bedrooms, living room, family room, den/study).

You must obtain fire and casualty insurance, including flood insurance when applicable, covering the replacement value of property improvements.

The property must be occupied by the seller/owner and must not have been vacated within the last 30 days.

The property must be free from any health & safety hazards and/or lead poisoning exposures.

Before final loan approval, a Housing Quality Standards (HQS) inspection will be conducted to verify the property’s condition. Proof of initial building permit issuance must be provided.

Loan Terms

Principal and interest payments shall be deferred for the term of the CalHome Program Loan.

CalHome program Loans shall be secured by the property.

Prohibited loans and terms:

  • Negative Amortization
  • Stated Income
  • Adjustable Rate Mortgage (ARM)
  • Interest-Only Loans
  • The Front-End Ratio cannot be below 28 percent or over 40 percent
  • The Back-End Ratio cannot be over 48 percent.

How to apply?

The City of Azusa has been awarded the CalHome Grant to assist individual first-time homebuyers through deferred-payment loans for down payment assistance and home rehabilitation. 

Please complete the form, and we will be in touch with you as soon as possible.

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