Type of assistance: ACORN Housing in partnership with Citibank and Bank of America provides below market interest rate mortgages. The ACORN mortgages require lower down payment and settlement costs than typical conventional loans. In addition private mortgage insurance is not required which allows for a greater purchase price. In addition, higher debt ratios and more liberal credit scores are permitted under the ACORN lending criteria. Assistance with credit problem resolution is provided, as well as budgeting assistance. In addition, ACORN provides foreclosure avoidance services and assistance to victims of predatory lending.

Who is Eligible? Households whose income does not exceed 120% of area median income.

Contact: ACORN Housing Corp – Oakland (510)436-6532 or ACORN Housing Corp – San Jose (408) 297-3087 and on the web at: http://www.acornhousing.org/index.php

blittman@sanramon.ca.gov
2226 Camino Ramon, San Ramon, CA  94583
Phone: (925) 973-2573
Fax: (925) 806-0118