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Down Payment Assistance
Local, state, and lender-specific programs can help cover your down payment or closing costs. Availability and terms vary and change often, so we'll check what you currently qualify for.
Local & State Programs
Many California cities and counties, plus statewide programs, offer down payment or closing cost help for eligible buyers.
Combine with FHA or Conventional
Down payment assistance is typically layered on top of a primary loan program, subject to that program's own eligibility rules.
Streamlined Process
Access to multiple lenders means we can find the best loan program for your specific situation, ensuring a faster and more efficient approval.
Expert Guidance
As a licensed mortgage broker, we provide the expert guidance needed to navigate the complexities of self-employed lending programs.
Who Down Payment Assistance Is For
These programs are designed for qualified buyers who need help covering the down payment or closing costs to purchase a home.
First-Time Buyers
Buyers purchasing their first home who qualify for income-based or first-time buyer assistance programs.
Short on Cash to Close
Qualified borrowers with steady income who haven't saved enough for a full down payment.
Moderate-Income Households
Buyers within local or state income limits who qualify for grants, forgivable loans, or matched savings programs.
How to Qualify
Meeting these standard criteria helps ensure a smooth approval process for down payment assistance.
Household income within program limits (typically 80-120% of area median income)
✓
First-time homebuyer status required by most programs (or no ownership in the past 3 years)
✓
Completion of a HUD-approved homebuyer education course
✓
Must occupy the home as your primary residence
✓
Combined with an FHA, Conventional, or other eligible first mortgage
✓
Myth
Down payment assistance is only for very low-income buyers.
Reality
Many programs serve buyers earning up to 80-120% of the area median income, which covers a large share of working households.
Down Payment Assistance FAQs
Do I need to repay the assistance?
It depends on the program. Some offer grants that never require repayment, while others are forgivable loans or deferred-payment second mortgages.
How is my eligibility determined?
Lenders review your household income against the program's area median income limits, along with your credit profile and first-time buyer status.
Guidelines and eligibility vary by program, lender, and location. This information is for educational purposes only and is not a guarantee of approval or assistance amount.