Program Overview

Stockton's and San Joaquin County's Neighborhood Stabilization Program (NSP) has homes available in the area.

Family Size Annual Gross Income
1 $53,400
2 $61,050
3 $68,700
4 $76,320
5 $82,400
6 $88,500
7 $94,600
8 $100,750

Welcome!  It's an exciting time for you and your family.

W.T. Hull staff members are here to help you make this a very easy experience.  We will show you the step-by-step process.  Here are the basic steps.

If you have been looking to buy a house you know how hard and frustrating it is to beat out the investors making cash offers. Our NSP homes can only be sold to owner occupants like yourself. No investors.

All homes are inspected and repaired as required by the controlling government entity.

S.T.A.N.D., one of the designated companies to operate the program, is a neighborhood non-profit housing organization located in southeast Stockton. They have bought, repaired and sold over 110 homes all over San Joaquin County to low and moderate income families.

The homes in San Joaquin County come with down payment assistance to qualified buyers. The down payment assistance can be up to ten (10) per cent of the purchase price at an interest rate of two (2) percent for a thirty (30) year term.  If the buyer chooses, three (3) per cent of the ten (10) per cent down payment assistance could be used for closing costs. Buyer needs to contribute at least three (3) per cent of the purchase price paid from their own resources.

The homes in the City of Stockton also come with a down payment assistance to qualified buyers. The down payment assistance can be a maximum of five (5) per cent of the purchase price, plus closing costs. Buyer needs to contribute at least three (3) per cent of the purchase price paid from their own resources.

If you want to read specific details, click here for San Joaquin County or click here for City of Stockton.  If you're ready to find out more about buying a home, please continue below.

Easy Steps To Home Ownership...

1. Eligibility

Buyer's income can be no higher than 120% of the area median income based on family size (see table above). Buyers must currently reside or work in san joaquin county for a minimum of 12 months. Buyer does not have to be a first time home buyer, but can not be an investor.

2. Educational Class

Buyers must enroll in a HUD certified homebuyers education class and obtain a certificate of completion. There are two providers in Stockton: Clear Point 800-750-2227 and Visionary Home Builders 209-466-6811. Call for the next available class.

3. Getting A Loan

Buyers must have a loan pre-approved in advance before any offer will be accepted for consideration. We are only accepting pre-approval loan letters from the following three lenders:

You are not required to get your loan from the mortgage companies listed above. However, most lenders have no experience with the down payment assistance program(s). If you need down payment assistance, then we recommend the above lenders who have extensive experience with the program.

4. Showing of Properties

All homes will be repaired to meet FHA guidelines, federal health and safety standards and other government criteria. The repairs that are to be done are non negotiable.

For viewing homes - if you want to view the property, you have to have a pre-approved loan for a minimum of the estimated purchase price. For homes that are listed as “coming soon” you can drive by but they are not yet available for viewing. To view homes that are listed as “available” please call the listing agent.
W. T. HULL & COMPANY, 644-6460.