Down Payment Assistance - Low Rate Home Loans

You may be eligible for 46 programs and up to $350,000 in down payment assistance.

Please Enter Your Info to Apply

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California Housing Finance Agency (CalHFA) MyHome Assistance Program

CalHFA proudly uses the Freddie Mac/Fannie Mae Standardized Subordinate Lien documents – https://www.calhfa.ca.gov/homeownership/bulletins/2024/2024-04.pdf

Assistance

3.5% of Purchase Price

Benefits

Deferred, low interest rate loan that can be used for down payment assistance and/or closing costs.
Can be combined with an MCC, however, MCC cannot be used to credit qualify.
Borrowers who own or have owned rental properties may be a first-time homebuyer if they can document that they have not occupied any of the rental properties as their principal residence at any time within the past three years.
No purchase price limit.

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California Housing Finance Agency (CalHFA) CalPLUS FHA with Zero Interest Program (ZIP)

CalHFA proudly uses the Freddie Mac/Fannie Mae Standardized Subordinate Lien documents – https://www.calhfa.ca.gov/homeownership/bulletins/2024/2024-04.pdf

Assistance

3% of Purchase Price

Benefits

Deferred payment, zero interest rate, long term subordinate mortgage.
No borrower minimum contribution required.
Borrowers who own or have owned rental properties may be a first-time homebuyer if they can document that they have not occupied any of the rental properties as their principal residence at any time within the past three years.
Manual underwriting permitted as long as it isn’t a 203(h) program or manufactured homes.
2-1 temporary buydowns permitted, but must meet FHA and master servicer guidelines.
No sales price limits.

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California Housing Finance Agency (CalHFA) CalPLUS Conventional with Zero Interest Program (ZIP)

CalHFA proudly uses the Freddie Mac/Fannie Mae Standardized Subordinate Lien documents – https://www.calhfa.ca.gov/homeownership/bulletins/2024/2024-04.pdf

Assistance

3% of Purchase Price

Benefits

Competitive rates.
Borrowers with income less than or equal to HomeReady’s 80% Area Median Income (AMI) LI income limits are eligible for discounted Mortgage Insurance (MI) coverage and MI rates.
Deferred payment, zero interest rate, long term subordinate mortgage.
Guest houses, granny units and in-law quarters are eligible for financing under certain conditions.
No borrower minimum contribution required.
No purchase price limits.
Fannie Mae Homestyle Energy is allowed.
Borrowers who own or have owned rental properties may be a first-time homebuyer if they can document that they have not occupied any of the rental properties as their principal residence at any time within the past three years.

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California Housing Finance Agency (CalHFA) - Dream For All Shared Appreciation Loan

Temporarily Suspended
CalHFA proudly uses the Freddie Mac/Fannie Mae Standardized Subordinate Lien documents – https://www.calhfa.ca.gov/homeownership/bulletins/2024/2024-04.pdf

Assistance

20% of Purchase Price

Benefits

Home equity has proven to be one of the strongest ways for families to build and pass on intergenerational wealth and CalHFA is committed to improving equitable access to homeownership for all Californians. The Dream For All Shared Appreciation Loan (Shared Appreciation Loan) may only be used with a Dream For All Conventional first mortgage, providing first-time homebuyers with up to 20% of the home purchase price to be used for down payment and/or closing costs.
Deferred loan.
Up to 20% for down payment and closing costs.

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Golden State Finance Authority (GSFA) ReCoverCA Homebuyer Assistance (DR-HBA) Program

ReCoverCA Homebuyer Assistance (DR-HBA) Program is designed to help low-to-moderate
(LMI) households impacted by the 2018 and 2020 wildfires to purchase a home outside of
High or Very High Fire Hazard Severity Zones of California.

Assistance

$350,000

Benefits

Assistance in the form of a forgivable loan, up to $350,000 per qualifying household.
Do not have to be a first-time homebuyer to qualify.
Perfect credit not required. FICO scores as low as 640 can qualify.

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Golden State Finance Authority (GSFA) Platinum Assist To Own - Conventional

Maximum income and purchase price limits vary depending on 1st mortgage program chosen. The lender is responsible for reviewing specific 1st mortgage program guidelines for relevant details.

Assistance

5.5% of Purchase Price

Benefits

Financial assistance up to 5.50%, to use for down payment and/or closing costs.
3.5% second mortgage with an optional up to 2% of gift funds.
Homebuyer doesn’t have to be a first-time homebuyer to qualify.
Flexible income limits (low-to-moderate income).
Charter (reduced) MI Coverage levels when borrower income is less than or equal to 80% Area Median Income (AMI).
GSFA doesn’t underwrite the loan.
No sales price limits.
Max Loan limit – $766,550
Manufactured homes per Agency guidelines (maximum 95% LTV/TLTV ratios).

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CBC Mortgage Chenoa Fund - FHA Forgivable DPA

CBC Mortgage Agency follows industry standards (middle of three, lower of two) for determining which credit score to use for all Chenoa Fund™ credit score requirements. The minimum accepted credit score is 600.

Assistance

5% of Purchase Price

Benefits

Assistance up to 5% of the sales price or appraised value, whichever is lower.
3.5% and 5% soft second has no payment, zero-interest, forgivable after 36 consecutive on-time payments on the FHA first mortgage (as long as never 60+ days late).
Alternatively, the mortgagee may begin amortization up to ten (10) days prior to the disbursement date and provide a per diem interest credit. Any per diem interest credit may not be used to meet the Borrower’s MRI. Per diem interest must be computed using a factor of 1/365th of the annual rate.
Additional properties owned permitted. A LOE may be required.
Interested Parties’ contribution of up to 6% of the sales price is permitted, but must include any temporary interest rate buydowns in the calculation.
High Balance loans permitted with 3.5% DPA.
High Priced Mortgage Loan (HPML) transactions are allowed as long as CFPB & TRID requirements are met.
With AUS approval payment shock does not have to be calculated.
Forgivable second liens may qualify for subordination after the initial thirty-six (36) payments being made on the first mortgage. This applies for both the forgivable 3.5% DPA and 5% DPA.

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CBC Mortgage Chenoa Fund - FHA Repayable DPA

Assistance

5% of Purchase Price

Benefits

Assistance up to 5% of the sales price or appraised value, whichever is lower.
No income limits.
High Balance loans permitted with 3.5% and 5% DPA.
High Priced Mortgage Loan (HPML) transactions are allowed as long as CFPB & TRID requirements are met.
Interest rate is the same as the 1st mortgage loan.
Additional properties owned permitted. A LOE may be required.
Interested Parties’ contribution of up to 6% of the sales price is permitted, but must include any temporary interest rate buydowns in the calculation.
Alternatively, the mortgagee may begin amortization up to ten (10) days prior to the disbursement date and provide a per diem interest credit. Any per diem interest credit may not be used to meet the Borrower’s MRI. Per diem interest must be computed using a factor of 1/365th of the annual rate.
Payment shock does not have to be calculated with AUS approval.

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National Homebuyers Fund (NHF) - Data Mortgage, Inc. dba Essex Mortgage 5% Repayable Down Payment Assistance Program

NHF DPA is available in most U.S. states and qualifying guidelines are flexible. The assistance may be forgiven immediately, after a short period of years, or have repayment requirements, depending on the Program.

Assistance

5% of Purchase Price

Benefits

Up to 5% toward down payment and closing costs, rounded up to the nearest dollar.
Do not have to be a first-time homebuyer.
May have ownership interest of another property at time of closing as long as it meets insurer guidelines.
2/1 Buydowns are Permitted on the FHA First – adhere to all FHA requirements regarding Buydowns.

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Golden State Finance Authority (GSFA) Golden Opportunities Program

Maximum income and purchase price limits vary depending on 1st mortgage program chosen. The lender is responsible for reviewing specific 1st mortgage program guidelines for relevant details.

Program Manager (NHF) shall publish the Mortgage Rate on its Reservation Portal at https://nhfresportal.nhfloan.org/login.aspx on behalf of GSFA. The published Mortgage Rates are subject to change at any time.

Assistance

5% of Purchase Price

Benefits

Borrower does not have to be a first-time homebuyer to qualify.
Flexible income limits (low-to-moderate income)…follow agency guidelines.
Gift/Grant does not have to be repaid.
Up to 5% for down payment and closing costs.
Max loan limit – $766,550

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Golden State Finance Authority (GSFA) Platinum Down Payment Assistance Program - FHA/VA/USDA

GSFA does not set limits for FHA, VA and USDA loans.

Please refer to the respective loan agency guidelines for any applicable income limits that may apply.

Assistance

5% of Purchase Price

Benefits

Up to 5% of the First Mortgage Loan Amount.
Do not have to be a first-time homebuyer to qualify.
No income limits. Follow agency guidelines.
No sales price limits.
Perfect credit not required. FICO scores as low as 640 can qualify.

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Golden State Finance Authority (GSFA) Platinum Down Payment Assistance Program - HFA Advantage

Maximum income and purchase price limits vary depending on 1st mortgage program chosen. The lender is responsible for reviewing specific 1st mortgage program guidelines for relevant details.

Assistance

5% of Purchase Price

Benefits

Up to 5%, to use for down payment and/or closing costs.
Homebuyer doesn’t have to be a first-time homebuyer to qualify.
Flexible income limits (low-to-moderate income).
Charter (reduced) MI Coverage levels when borrower income is less than or equal to 80% Area Median Income (AMI).
Perfect credit not required. FICO scores as low as 640 can qualify.
No sales price limits.

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Golden State Finance Authority (GSFA) Platinum SELECT Down Payment Assistance Program - FHA/VA/USDA

Maximum income and purchase price limits vary depending on 1st mortgage program chosen. The lender is responsible for reviewing specific 1st mortgage program guidelines for relevant details.

Assistance

5% of Purchase Price

Benefits

Do not have to be a first time homebuyer to qualify.
Up to 5% of the first mortgage provided. 1.50% of which will be as a non-repayable gift.
No GSFA income limits.
No purchase price limits.
Max Loan Amount: $766,550.
GSFA doesn’t underwrite the loan.
Borrowers with the following occupations in California are eligible for the Platinum “Select” feature, which provides DPA in the form of a non-repayable Gift: Medical and Healthcare workers; Peace Officers, Sheriff, Border Patrol Agents, Correctional Officers, and others serving in a Law Enforcement capacity; Firefighters, CalFire, paramedic, and Emergency Medical Technicians (EMTs), including administrative staff that supports firefighters; or Current members of the California State Teachers Retirement System (CalSTRS) or University of California Retirement Plan (UCRP), employees of a California accredited Private, Charter or Public School District or California State University, Junior College or Private College, including school administration and staff.

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Golden State Finance Authority (GSFA) Platinum SELECT Down Payment Assistance Program - HFA Advantage

Maximum income and purchase price limits vary depending on 1st mortgage program chosen. The lender is responsible for reviewing specific 1st mortgage program guidelines for relevant details.

Assistance

5% of Purchase Price

Benefits

Up to 5% of the first mortgage provided…1.50% of which will be a non-repayable gift.
Homebuyer doesn’t have to be a first-time homebuyer to qualify.
Flexible income limits (low-to-moderate income).
Charter (reduced) MI Coverage levels when borrower income is less than or equal to 80% Area Median Income (AMI).
GSFA doesn’t underwrite the loan.
No purchase price limits.
Max Loan Limit – $766,550
Borrowers with the following occupations in California are eligible for the Platinum “Select” feature, which provides DPA in the form of a non-repayable Gift: Medical and Healthcare workers; Peace Officers, Sheriff, Border Patrol Agents, Correctional Officers, and others serving in a Law Enforcement capacity; Firefighters, CalFire, paramedic, and Emergency Medical Technicians (EMTs), including administrative staff that supports firefighters; or Current members of the California State Teachers Retirement System (CalSTRS) or University of California Retirement Plan (UCRP), employees of a California accredited Private, Charter or Public School District or California State University, Junior College or Private College, including school administration and staff.

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National Homebuyers Fund (NHF) - Data Mortgage, Inc. dba Essex Mortgage 3.5% Repayable Down Payment Assistance Program

Essex’s DPA program can be used to obtain an FHA loan. The amount of the 2nd mortgage is up to 3.5% equal to the lessor of the sales price, or the appraised value. The term for the 2nd is 10 years.

Assistance

3.5% of Purchase Price

Benefits

Up to 3.5% toward down payment and closing costs, rounded up to the nearest dollar.
Do not have to be a first-time homebuyer.
May have ownership interest of another property at time of closing as long as it meets insurer guidelines.
2/1 Buydowns are Permitted on the FHA First – adhere to all FHA requirements regarding Buydowns.

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National Homebuyers Fund (NHF) - Data Mortgage, Inc. dba Essex Mortgage Deferred Down Payment Assistance Program

Essex’s DPA program can be used to obtain an FHA loan. The amount of the 2nd mortgage is up to 3.5% equal to the lessor of the sales price, or the appraised value. The term for the 2nd is 10 years.

Assistance

3.5% of Purchase Price

Benefits

Up to 3.5% toward down payment rounded up to the nearest dollar.
Forgivable 10 years from the note date as long as repayment events have not occurred, and borrower has continued to occupy the property as their primary residence.
Do not have to be a first-time homebuyer.
May have ownership interest of another property at time of closing as long as it meets insurer guidelines.
High Balance loan permitted – see price sheet
2/1 Buydowns are Permitted on the FHA First – adhere to all FHA requirements regarding Buydowns.

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Federal Home Loan Bank (FHLB) of San Francisco - Middle-Income Homebuyers Program

FHLB does not work directly with consumers. Homebuyers must contact a member bank to participate in the program.
When Application process is closed at FHLB – Program remains Active through member banks who received the current year’s grant awards.
This program is for families that earn 80.01% up to 140% of area median income (AMI).

Assistance

Up to $50,000

Benefits

Eligible homebuyers who contribute a minimum of $10,000 toward their downpayment may qualify for a grant of up to $50,000 that can be used for the homebuyer’s downpayment and closing costs.
The funds are a grant so they are not to be repaid.

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Habitat for Humanity of Greater Los Angeles (Habitat LA) Downpayment Assistance Program

Habitat LA helps first-time homebuyers looking to purchase a home in greater Los Angeles County. Eligible households can qualify for up to $100,000 in mortgage assistance to help with the down payment on a single-family home, condo, or townhome.

Assistance

Up to $100,000

Benefits

Up to $100,000 in gap financing to help families put a down payment on a home.
Can help households save on interest during the lifetime of the loan.

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Los Angeles County Development Authority (LACDA) Home Ownership Program (HOP80)

The loans accrue 0% interest with deferred repayment and shared equity. When the home is sold, there is a transfer of title, or the home is no longer owner-occupied, the homebuyer repays the loan, plus a share of the appreciation.

Assistance

20% of Purchase Price

Benefits

Long term deferred loan.
Zero interest rate.
Up to $100,000 in assistance.

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Los Angeles County Development Authority (LACDA) Home Ownership Program (HOP120)

Assistance

20% of Purchase Price

Benefits

Long term deferred loan.
Zero interest rate.
Up to $85,000 in assistance.

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United Auburn Indian Community Down Payment Assistance Program

Contact agency to confirm the most current and accurate program information, including geographic coverage area(s).

Assistance

Up to $55,000

Benefits

Up to $55,000 as a grant.

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Affordable Housing Clearinghouse (AHC) Middle-Income Downpayment Assistance Program (MI DAP)

Contact agency to confirm the most current and accurate program information, including geographic coverage area(s).

Assistance

Up to $50,000

Benefits

Up to $50,000 in grant assistance.

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USC Neighborhood Homeownership Program

Program limited to eligible employees of the University of Southern California (USC).
*Please contact Program Administrator Matthew Drag for important details regarding the NHP before you begin looking for a home. Matthew Drag
drag@usc.edu
Phone: 213-740-7066

Assistance

20% of Purchase Price

Benefits

Up to $50,000 in grant assistance.
Down payment and closing costs assistance.

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Neighborhood Housing Services of Los Angeles County (NHSLA) GreenLine Home Program

Introducing the new GreenLine Home Program in partnership with the County of Los Angeles Department of Consumer and Business Affairs. Please plan to attend an upcoming NHS HOPE Workshop to find out more information.

Assistance

Up to $35,000

Benefits

$35,000 grant.

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Grand Ronde Tribal Housing Authority Down Payment Assistance Program

Program limited to enrolled members of the Confederated Tribes of Grand Ronde.
Program is available Nationwide.

Assistance

20% of Total Loan Amount

Benefits

Up to $20k for down payment and closing costs.
Do not have to be a first-time homebuyer.
Previous grant recipients may apply for the difference between $20,000 and their previous grant. (e.g. Homebuyer received the down payment $10k grant. The homebuyer would then be eligible for another $10k to purchase a new primary residence).

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Lumbee Tribe of North Carolina - Down Payment Assistance Program

Applicant must be an enrolled member of the Lumbee Tribe of North Carolina.
Homebuyer must have a Pre-Approval Letter from a Lender prior to assistance application.
Applications for Housing accepted daily Monday-Friday 8:00 a.m. until 4:30 p.m

Assistance

$20,000

Benefits

Up to $20,000 for down payment and closing costs.
0% interest rate.
Deferred, 5-year forgivable loan.
This one-time assistance affords tribal families an opportunity to purchase decent, sanitary and safe housing.
The down-payment assistance program is now open nationwide to Lumbee Tribe enrolled members.

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Pacific West Association of REALTORS Charity Foundation's (PWRCF) Opening Doors First-Time Home Buyer Down Payment Assistance Program (DAP)

Applicant must be under contract to purchase a property in order to apply for the PWR Grant.

Assistance

$3,500

Benefits

Grant does not have to be repaid.
Up to $3,500 for down payment.
Do not have to be a First Time Homebuyer if applicant was displaced due to a natural disaster, as determined by FEMA. PWRCF may, from time to time, amend this definition.
By providing down payment or closing cost assistance, this program positively affects housing affordability by creating buyer equity, a lower monthly payment, a guaranteed market interest rate on a safe mortgage product, buyer education, and pride of home ownership and personal accomplishment.

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The Chickasaw Nation Housing Division Down Payment and/or Closing Cost Assistance Grant

Applicant must be under contract to purchase a property in order to apply for the PWR Grant.

Assistance

$3,000

Benefits

Up to $3000 for down payment and closing cost assistance.
Grant – does not have to be repaid.
No income limits.
No maximum sales price limit.
Purchase money or rate & term refi.

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United States Department of Veterans Affairs - Specially Adapted Housing (SAH) Grant

No individual may use the grant benefit more than three times up to the maximum dollar amount allowable.

Assistance

SAH Grant:
If you qualify for an SAH grant, you can get up to $117,014 for FY 2024. This is the current total maximum amount allowed for SAH grants.

SHA Grant:
If you qualify for an SHA grant, you can get up to $23,444 for FY 2024. This is the current total maximum amount allowed for SHA grants.

TRA Grant:
If you qualify for an SAH grant, you can get up to $47,130 through the TRA grant program for FY 2024.

If you qualify for an SHA grant, you can get up to $8,415 through the TRA grant program for FY 2024.

Benefits

You may be able to get an SAH grant if you’re using the grant money to buy, build, or change your permanent home (a home you plan to live in for a long time) and you meet both of the requirements listed below.
You may qualify for additional assistance from a Temporary Residency Adaption (TRA) grant if you qualify for SAH or Special Home Adaptation (SHA) grant and you are temporarily living in a family members home that needs changes. The Special Housing Adaptation (SHA) Grant (a separate program) helps Veterans with certain service-connected disabilities adapt or purchase a home to accommodate the disability. You can use SHA grants in one of the following ways: Adapt an existing home the Veteran or a family member already owns in which the Veteran lives, adapt a home the Veteran or family member intends to purchase in which the Veteran will live, or help a Veteran purchase a home already adapted in which the Veteran will live (See link for funding information: https://www.va.gov/housing-assistance/disability-housing-grants/).
If you’re eligible for an SAH or SHA grant, you can use money from your grant up to 6 different times over your lifetime.
Housing grants for Veterans and service members with certain service-connected disabilities so they can buy or change a home to meet their needs and live more independently.
1-4 units; Veteran must occupy one of them.

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USC Faculty & Staff Housing Program - One-Time Subsidy

Program limited to eligible employees of the University of Southern California (USC).

Assistance

To be determined by program provider.
Subsidies are available in the form of one-time forgivable loan, monthly mortgage or monthly rental subsidies, non-forgivable loans.

Benefits

Down payment and closing costs assistance.
Deferred loan with no monthly payments.

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City of Los Angeles Low Income Purchase Assistance (LIPA) Program

Temporarily Suspended

Assistance

Up to $161,000

Benefits

Up to $161,000 for down payment, closing costs, and acquisition.
Deferred, 30 year, zero interest rate loan.
Can be paired with a Mortgage Credit Certificate.
With the help of your Broker/Lender, you may REQUEST TO SUBORDINATE your loan with LAHD.

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City of Los Angeles Moderate Income Purchase Assistance (MIPA)

Out of Funds

Assistance

Up to $115,000

Benefits

Deferred, long term, zero interest rate loan.
Loan of up to $115,000 for down payment, closing costs, and additional purchase assistance.
If eligible, applicants who apply for this program may also be required to apply for the Mortgage Credit Certificate Program (MCC).
No maximum sales price limit.
With the help of your Broker/Lender, you may REQUEST TO SUBORDINATE your loan with LAHD.
Buyer’s must be U.S. Citizens, lawful permanent residents, or other qualified aliens.

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Pathway to Homeownership Closing Cost Assistance Grant Program Southern California

Out of Funds
TAKING APPLICATIONS AS OF MARCH 4TH.

Recipient (one individual if two or more will be purchasing together) must be a member of an Underserved Community. “Underserved Community” “Underserved Community” includes: (i) people of color; (https://bit.ly/PersonofColorHUD) (ii) persons with disabilities (physical, cognitive, or mental); or (iii) lesbian, gay, bisexual, transgender, and queer (LGBTQ+) persons.

Assistance

Up to $10,000

Benefits

Up to $10,000 in closing cost assistance as a grant.
Recipient must be a member of an underserved community*:
*Recipient (one individual if two or more will be purchasing together) must be a member of an Underserved Community. “Underserved Community” “Underserved Community” includes: (i) people of color; (https://bit.ly/PersonofColorHUD) (ii) persons with disabilities 1(physical, cognitive, or mental); or (iii) lesbian, gay, bisexual, transgender, and queer (LGBTQ+) persons.
To help first-time homebuyers bridge the affordability gap by providing them with up to $10,000 in closing cost assistance for “Underserved Community” members.

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Pacific West Association of REALTORS Charity Foundation's (PWRCF) Opening Doors Men and Women in Uniform Program

Temporarily Suspended
Applicant must be under contract to purchase a property in order to apply for the PWR Grant.

Assistance

Up to $3,500

Benefits

Up to $3,500 for down payment, closing costs, and rate buydown.
Grant does not have to be repaid.
Gift Funds ok
Non-traditional credit is okay.
Do not have to be a First Time Homebuyer if applicant was displaced due to a natural disaster, as determined by FEMA. PWRCF may, from time to time, amend this definition.
By providing down payment or closing cost assistance, this program positively affects housing affordability by creating buyer equity, a lower monthly payment, a guaranteed market interest rate on a safe mortgage product, buyer education, and pride of home ownership and personal accomplishment.

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California Housing Finance Agency (CalHFA) - Conventional

CalHFA proudly uses the Freddie Mac/Fannie Mae Standardized Subordinate Lien documents –https://www.calhfa.ca.gov/homeownership/bulletins/2024/2024-04.pdf

Assistance

N/A

Benefits

Competitive rates.
Borrowers with income less than or equal to HomeReady’s 80% Area Median Income (AMI) LI income limits are eligible for discounted Mortgage Insurance (MI) coverage and MI rates.
Guest houses, granny units and in-law quarters are eligible for financing under certain conditions.
No purchase price limits.
Fannie Mae Homestyle Energy is allowed.
Borrowers who own or have owned rental properties may be a first-time homebuyer if they can document that they have not occupied any of the rental properties as their principal residence at any time within the past three years.
Homebuyer education and counseling is not required for non-first-time homebuyer(s).

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California Housing Finance Agency (CalHFA) - Government

CalHFA proudly uses the Freddie Mac/Fannie Mae Standardized Subordinate Lien documents – https://www.calhfa.ca.gov/homeownership/bulletins/2024/2024-04.pdf

Assistance

N/A

Benefits

Guest houses, granny units and in-law quarters are eligible for financing under certain conditions.
No borrower minimum contribution required.
Borrowers who own or have owned rental properties may be a first-time homebuyer if they can document that they have not occupied any of the rental properties as their principal residence at any time within the past three years.
Borrowers utilizing HUD 184 programs, 203(h) programs, or borrowers previous primary residence affected by natural disasters in California do not have to be first-time homebuyers. Refer to handbook for additional requirements.
Manual underwriting permitted with FHA loans (except 203(h).
Manufactured homes permitted with FHA loans.
2-1 temporary buydowns are permitted as per FHA, VA, USDA and master servicer guidelines
No purchase price limit

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CalVet Home Loans - First Time Homebuyer (QMB)

Helping veterans and their families become homeowners for more than 100 years.

Assistance

N/A

Benefits

Only 90 days of active duty and discharge classified as “Honorable” or “Under Honorable Conditions” are required.
No downpayment requirement.
Eligible veterans do not have to be a first-time homebuyer.
Current members of the California National Guard or US Military Reserve may qualify.
Not a one-time benefit. If you had a CalVet loan in the past that was paid in full as agreed, you can apply again.
Funding Fee is waived for Veterans with a 10% or more disability rating.
Do not have to have any US Department of Veterans Affairs entitlement to qualify.

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CalVet Home Loans - Qualified Mortgage Bond Program (QMB) (FTHB) - Targeted

Helping veterans and their families become homeowners for more than 100 years.

Assistance

N/A

Benefits

Only 90 days of active duty and discharge classified as “Honorable” or “Under Honorable Conditions” are required.
No downpayment requirement.
Eligible veterans do not have to be a first-time homebuyer.
Current members of the California National Guard or US Military Reserve may qualify.
Not a one-time benefit. If you had a CalVet loan in the past that was paid in full as agreed, you can apply again.
Funding Fee is waived for Veterans with a 10% or more disability rating.
Do not have to have any US Department of Veterans Affairs entitlement to qualify.

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CalVet Home Loans - Qualified Mortgage Bond Program (QMB) (FTHB) - Targeted

Helping veterans and their families become homeowners for more than 100 years.

Assistance

N/A

Benefits

Only 90 days of active duty and discharge classified as “Honorable” or “Under Honorable Conditions” are required.
No income limits.
No sales price limit.
Do not have to be a first-time homebuyer
Under certain circumstances, the loan guarantee fee may be added to the loan amount or even waived for veterans with a disability.

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Los Angeles County CDC Mortgage Credit Certificate (MCC)

Program available only in unincorporated areas of Los Angeles County and certain cities.
The maximum purchase price limit in the non-target areas is $679,847 (New and Existing Construction).

Assistance

20% of mortgage interest paid can be taken as a federal income tax credit.

Benefits

20% of mortgage interest paid can be taken as a federal income tax credit.
The remaining 80% of the mortgage interest will continue to qualify as an itemized tax deduction.

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Los Angeles County CDC Mortgage Credit Certificate (MCC) Targeted Areas

Program limited to narrowly defined geographic areas.
The maximum purchase price limit in the target areas $830,924 (New Construction and Existing).

Assistance

20% of mortgage interest paid can be taken as a federal income tax credit.

Benefits

20% of mortgage interest paid can be taken as a federal income tax credit.
First-time homebuyer requirement waived when buying in a targeted area.
The remaining 80% of the mortgage interest will continue to qualify as an itemized tax deduction.

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Federal Home Loan Bank (FHLB) of San Francisco - WISH First-Time Homebuyer Program

When Application process is closed at FHLB – Program remains Active through member banks who received the current year’s grant awards.
FHLB does not work directly with consumers. Homebuyers must contact a member bank to participate in the program.

Assistance

Up to $30,806

Benefits

Matching grant for up to $30,806 in down payment and closing cost assistance.
WISH grants can complement or supplement a variety of local, state, and federal homeownership programs and are targeted to working families and individuals who are ready to make the transition from renting to owning.
No sales price limit.
Homebuyer contribution may include sweat equity.
This is a 5 year deferred, no interest, forgivable loan.

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Affordable Housing Clearinghouse (ACH) - Workforce Initiative Subsidy For Homeownership (WISH) ProgramHC

The Affordable Housing Clearinghouse is a network of lenders, community groups, and public agencies dedicated to the creation of quality affordable housing. We fulfill this vision by…

Assistance

Up to $30,000

Benefits

Up to $30,000 in assistance.
5-year forgivable loan at zero-interest rate.

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Tohono O'odham KI:KI Association (TOKA) Down Payment Assistance (DPA) Program

Must be a Tribal member of the Tohono O’odham Nation.
Not eligible for repeat borrowers.
For qualified buyers purchasing a home, present your pre-approved mortgage letter to TOKA for consideration of assistance with a dollar-for-dollar match up.

Assistance

Up to $10,000

Benefits

Up to $10,000 for down payment and closing costs.
Deferred, 5-year forgivable loan.
Zero interest on second or third lien.
TOKA is happy to announce its Down Payment Assistance Program for homebuyers purchasing homes anywhere in the United States (including off reservation).

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City of Gardena Below Market Rate (BMR) Program

Assistance

This is a deed restriction program, not a true DPA.

Benefits

A Participant may continue to own and occupy the Program Unit if their income changes after the date of their initial purchase / occupancy of such unit and such Participant no longer qualifies as a Low Income Household.

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Los Angeles County Development Authority (LACDA) Inclusionary Housing Program

Waitlist

Assistance

While no monies exchange hands, inclusionary housing ordinances require developers to set aside a percentage of newly constructed units as affordable housing sold below market rate.

Benefits

Below Market Rate sales price
Resale price formula provides a fair share of equity gain to be realized.