August 26, 2008
The Garden Grove Community Development Department announces the remaining date this year for first-time Garden Grove homebuyer workshop: December 13. The workshop will take place from 10:00 a.m. to 12:00 p.m., at the Garden Grove Courtyard Center, located in Village Green park, at 12732 Main Street.
The workshop will introduce potential Garden Grove homeowners to the basic steps of home buying, including how to qualify for a home mortgage, as well as information on financial assistance programs offered through the City.
The City currently offers a State of California Proposition 1C-funded CalHome loan. The loan is designed to assist qualified low- and very low-income families with covering the difference between a qualifying mortgage amount, and the actual price of a single-family home, condominium, or townhouse. The CalHome loan is a 30-year deferred payment loan requiring no monthly payments, not exceeding $40,000, and accruing three-percent simple annual interest for the life of the loan.
To sign up for the workshop, or to obtain more information on the City’s First-Time Homebuyer programs, go to www.comehometogardengrove.org or call toll-free (877) 570-5276, extension 3. Information is also available by calling the City of Garden Grove Community Development Department at (714) 741-5330.
