We've got you covered! We’ll help you find grants and assistance programs from all over the state that’ll assist you in finding and purchasing your dream home in California.
Mortgages usually require a downpayment of about 20% of the purchase price of the home. For a normal single-family house, that means that buyers have to save tens of thousands of dollars before they can even consider purchasing a home. California’s downpayment assistance programs are designed to make it easier for people and households with low and moderate incomes to overcome that enormous obstacle.
There are two major types of downpayment assistance that you might be able to use: Interest Free DPA loans, and Conditional DPA Grants. Loans cover about 3% of the sale price (which is the downpayment that would be required if you got an FHA loan). A conditional grant functions like a second mortgage, except that you don’t need to pay it back as long as you meet the conditions of the loan (usually that you live in the home for at least a set number of years).
These aren’t the only possibilities of course. Other great programs in California include:
Beside these, there are many other types of loans that focus on providing assistance to different people according to their needs. We'll help you find the one that's best suited to your situation.
We keep track of and help you find DPA listings in your city or your California county to get you the financial help you need to become a homeowner. You’ll have access to…
Besides that, we want to make sure that you’re well informed about all your options and how you can ensure that your experience will be a long-term success, so we’ll help you find HUD certified housing counselors and HUD certified homebuyer workshops in your area at no charge!