City of Concord, California
Phone 925 671 3341
Website www.cityofconcord.org/living/housing

 First time home buyers program

Eligible = low and moderate income (sometimes payments will be about what you pay in rent).

Type of loan, deferred payments and shared appreciation of loan (meaning when you buy you have a partner helping you buy your home and when you sell the partner shares in the profit).

Maximum loan $15000 to $25,000 or 20% of the purchase price, (some restricitions apply)

This allows people without a down payment to get a home with a more affordable payment

The loan term 45 years or due upon sale of the property

Interest rate 0  - that's right a NO interest loan.  WOW, the City is serious about helping people afford homes.  For the other criteria and restrictions and availability of funds, call or go to the website.  Sometimes the funds run out early in the year, sometimes they have funds a lot longer. 

Worth checking into.