ANAHEIM : First-Time Buyers Eligible for Loans

First-time condominium buyers in Anaheim may be eligible for low-interest loans through the city.

The loans, in amounts up to $25,000, are for 30 years at 5% interest. There are no interest or principal payments due until the home is sold, refinanced or no longer occupied by the owner.

Home buyers need to come up with at least 5% of the down payment. To be eligible for a loan, buyers cannot earn more than 80% of the county median income, which is $35,700 for a family of four.

Interested home buyers may contact the Community Development Department for more information at (714) 533-8750.