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San Pablo Loan Assistance for Sustainable Housing

ABOUT THE PROGRAM:  The San Pablo Loan Assistance for Sustainable Housing Program (“Program” or “SPLASH”) provides down payment assistance in the form of deferred payment loans, to income-qualified, first-time homebuyers who wish to purchase a home in the incorporated City of San Pablo.

*According to a primer provided by HUD




  • Loan Type: The loans made through the SPLASH Program will be deferred payment (also known as “silent second”). No payments will be required until the end of the term unless the property is sold or otherwise transferred (including refinancing)
  • Loan Amount: Up to 20% of the purchase price of the home, not to exceed $100,000
  • Loan Interest: The greater of: shared appreciation or three percent (3%) per annum simple interest.
  • Loan Length/Term: Up to 30 years



First-Time Homebuyers: No household member may have owned any interest in real property during the three-year period prior to the household’s application date.

Income Eligibility: Total gross household (all individuals age 18 or older) income must not exceed 80% of Area Median Income and no more than $250,000 in total assets.

Primary Residence: Borrower must continuously occupy the property as his/her principal residence.

Use of Funds: Loan funds may only be used for down payment assistance or non-recurring closing costs.

Priority: First responders, teachers, seniors and veterans.


1. Review qualification requirements and complete Program Interest & Eligibility Form
* Applicants may choose to submit a pre-qualification form along with a $100 fee
2. Attend a home buyer education workshop
3. Pre-qualify with a primary loan lender that is familiar with first-time homebuyer programs
4. Select a real estate agent who is familiar with available first-time homebuyer programs
5. Find a home.
6. Sign a purchase contract.
7. Submit the SPLASH loan application ($100 fee)
8. SPLASH Program Administrator verifies eligibility for SPLASH loan
9. Prepare loan documents and sign paperwork ($900 fee)
10. Comply with annual monitoring to verify ongoing compliance with loan term


HUD: The United States Department of Housing and Urban Development.  

Incorporated City of San Pablo: The geographic area that formally constitutes the incorporated city boundaries of San Pablo as defined by the Local Agency Formation Commission (LAFCO) and whose residents are subject to the property-related municipal taxes and bonds, and whose businesses are subject to city-defined sales tax.