Eligible applicants can get up to $2,500 in closing cost assistance.

Ready to Buy Your First Home? Let Us Help!
With the AltaOne First-Time Homebuyer Grant, you could receive up to $2,500 toward your closing costs—and the best part? You don’t have to pay it back! 1

Why You'll Love It:

Up to $2,500 in closing cost assistance 2
No repayment required
Available in select communities across Kern, Inyo, Mono, and northern San Bernardino Counties

Who Can Qualify:

You’re a first-time homebuyer 3
You're an AltaOne member (or ready to become one!)
You complete the GreenPath Financial Wellness Homebuying 101 online course.
You meet income guidelines 4
Your purchasing a home in select areas of Kern, Inyo, Mono or northern San Bernardino counties

Home Requirements:

A primary residence—single-family home, condo, or townhouse
Located in a select areas of Kern, Inyo, Mono or northern San Bernardino counties

Your journey to homeownership starts here!

CLICK TO APPLY FOR A HOME LOAN NOW

Frequently Asked Questions

To be eligible for the AltaOne First-Time Homebuyer Grant, you must not have had an ownership interest in a residential property in the last three years, you must be an AltaOne member at the time of final loan approval and have an income at or below 100% of the Area Median Income (AMI) using the Fannie Mae Area Median Income Lookup Tool . Location of property being purchased must be within either a minority census tract or a low-income census tract in the following counties: Kern, Inyo, Mono, or northern San Bernardino.
There is no second application or additional process to apply for the First-Time Homebuyer Grant. During the application process for your home loan, you will be asked if you'd like to be considered for the AltaOne First-Time Homebuyer Grant Program, and you can state Yes or No at that time.
Your eligibility for the First-Time Homebuyer Grant is reviewed while your home loan application is being processed. Once you are determined eligible, grant funds are reserved for you. During the home loan and grant application process, you will need to provide an acceptable fully executed purchase contract identifying the property to be purchased. However, if your application is approved prior to receipt of the purchase contract, the grant funds will be reserved for you until later in the process.
No repayment of the grant is required. However, all federal, state, and local taxes imposed on the acceptance of a grant are solely the responsibility of the applicant. AltaOne will issue an IRS Form 1099-MISC or W-2 to an applicant where a Form 1099-MISC or W-2 is required by applicable law. Applicants should consult their own accountant(s) or tax advisor(s) to determine tax implications, if any.
At least one applicant must be a first-time home buyer who does not currently own any real residential property, and who is purchasing a home in either a minority census tract or a low-income census tract in the following counties: Kern, Inyo, Mono, or northern San Bernardino. To verify if the property qualifies visit: Fannie Mae Area Median Income Lookup Tool .

_{1 - Regular Share Savings Account required to establish membership; not everyone will qualify. To qualify for the grant funds, buyers must meet all the First-Time Homebuyer Grant program criteria as well as loan eligibility and property qualifications, some of which might not be listed here. AltaOne reserves the right to alter or change grant criteria or lending requirements. 2 - All federal, state, and local taxes imposed on the acceptance of a grant are solely the responsibility of the applicant. AltaOne will issue an IRS Form 1099-MISC or W-2 to an applicant where a Form 1099-MISC or W-2 is required by applicable law. Applicants should consult their own accountant(s) or tax advisor(s) to determine tax implications, if any.
3 - A "first-time buyer" is a purchaser who has had no ownership interest in a property for over three years.
4-To be eligible for the AltaOne First-Time Homebuyer Grant, you must not have had an ownership interest in a residential property in the last three years, you must be an AltaOne member at the time of final loan approval and have an income at or below 100% of the Area Median Income (AMI) using the Fannie Mae Area Median Income Lookup Tool (https://ami-lookup-tool.fanniemae.com/).
Mortgage loans are subject to membership, credit approval, and other underwriting criteria; not every applicant will qualify. Certain restrictions apply. Home loan programs, terms, and conditions are subject to change without notice.
Total funds available for the First-Time Home Buyer Grant program are limited and are reserved according to the order in which eligibility is determined. The amount of a grant cannot exceed $2,500. If the actual closing costs are less than the amount of grant funds reserved, then the funds disbursed at closing will be limited to actual closing costs.
Location of property being purchased must be within either a minority census tract or a low-income census tract in the following counties: Kern, Inyo, Mono, or northern San Bernardino.}