What is the silent second program?

The City of Baldwin Park offers a Housing Assistance program to low income first time homebuyers. If you are thinking of purchasing a home in the City of Baldwin Park, consider the Silent Second Program. It provides a loan that funds the difference between the purchase price of the home and the first mortgage. The homebuyer is required to put a 1.5% down payment.

 

Please contact the City for the most recent maximum purchase.

 

 

The Silent Second or "gap financing" program assists homebuyers in purchasing their home by filling in the affordability gap. The gap is defined as a difference between the purchase price of the home and the first mortgage plus a 1.5% down payment. Baldwin Park's program will provide a maximum second mortgage loan of $70,000.

 

 

The funds for the Silent Second Program are Federal funds and State funds, more specifically, HOME Investment Partnership Program (HOME).

 

 

Applications can be picked up at City Hall or downloaded. Please take the application and guidelines to a lender of your choice to get pre-approved. After you receive a prequalification, have the lender contact the City to begin your loan process.

 

 

 

General Phone

(626) 960-4011

 

Michelle Bravo

Senior Housing Specialist, Ext. 354

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Liseth Aguilera

Housing Specialist, Ext. 555