Town of Paradise

First Time Home Buyer Program

The Town of Paradise offers a deferred, low-interest loan to eligible first-time homebuyers based on Federal pdf 2017 Income Limits (10 KB)  as down payment assistance topurchase a home.  A first-time homebuyer is someone who has not owned a home in the past three years.  The loan is a “bridge” or “gap” loan meaning that the loan amount is based on the difference between what the borrower can afford and the amount of money needed to purchase the home.  The loan is secured by a note and a deed of trust and does not require monthly payments.  The loan is due in 30 years or when the home is sold; the homeowner stops using it as their principal residence; or the title is transferred out of the name of the original borrower. 

As stated in the  pdf First Time Home Buyer Brochure (552 KB) , the first step of the process is to select a lender from the list of approved  pdf Certified Lenders (54 KB) .  The lender will pre-qualify you for a loan and determine the amount you can afford on a house.  The second step is to apply for First-Time Homebuyer funds at the Business and Housing Services office at Town Hall. you received an Eligibility Letter, you will work with a  pdf Certified Realtor (269 KB) to help you select a home.   Free First Time Homebuyer Programs are offered through the pdf City of Oroville (242 KB)  and the pdf Town of Paradise (241 KB) .

 For more detailed information about our program, please refer to the guidelines and loan procedures.

Realtors & Lenders:

  pdf Certification Refresher       (1.42 MB)    


The pdf Disclosure to Seller (164 KB)  must be signed at the time of the purchase contract is accepted.  The realtor must then complete an pdf Escrow Information Sheet (20 KB) .  Lenders must complete a pdf First-Time Homebuyer - Program Interest Form (113 KB) .  

The Town of Paradise does not discriminate on the basis race, color, national origin, religion, sex, familial status, or disability.  Know your rights – Fair Housing Act.

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Contact us

Town Hall

5555 Skyway

Paradise, CA 95969

(530) 872-6291 phone

(530) 877-5059 fax

Monday - Thursday

8:00 a.m. to 5:00 p.m.