City of Monterey Emergency Repair Loan
City of Monterey
Repayable financing
Repayable — not free savings
Deferred 5% emergency repair loans for owner-occupants in the City of Monterey.
What you could receive
Deferred emergency repair loan
Repayable financing. Repayable — not free savings.
The city accepts applications subject to posted deadlines and funding. Loans are deferred 5% simple interest and due on sale, title change, or 30 years. Income generally must be at or below 80% AMI. A separate major-rehab loan of up to $90,000 is described on the same page and is not imported as a second program.
Who may qualify
- You must own and occupy the home.
- Homeowner programs require ownership.
Location / service area
Available in Monterey
Important requirements
Do not purchase before approval unless the program administrator confirms otherwise.
Timing / preapproval
Preapproval required
Last verified: Sep 6, 2026 · Confidence: High
Official sources
Eligibility is based on published program information and the details you provide. Program rules, funding and availability can change. Always confirm eligibility with the official program administrator.