Homeownership Assistance Program

The City of Burbank has a Homeownership Assistance Program where qualified buyers are eligible to receive low-interest down payment assistance loans to purchase single-family homes, townhomes or condominiums through a Mortgage Assistance Program (MAP).  Under the MAP, low-interest second mortgage loans are offered up to $35,000.  The loan has a 30-year term, and the maximum purchase price is $250,000.  Monthly payments are deferred for the first 5 years and amortized at 5% for the remaining 25 years.  The buyer must provide 3% of the purchase price plus closing costs.  The buyer must be an owner-occupant and cannot have an ownership interest in property at the time of application.

Three lenders have been approved to administer the MAP.  Potential buyers will receive a preliminary application and information on program requirements.  Once initial eligibility is determined, your applications will be forwarded to a selected lender to process.  The selected lender will also provide the first mortgage loan. Funds are available on a first-come, first-serve basis and income limits apply.

Burbank Homeownership Program 
(818) 525-3730