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Local California Down Payment Assistance
Local Down Payment Assistance Programs
California Down Payment Assistance Local
Learn About California Down Payment Assistance
The following mortgage down payment assistance programs were developed by local California counties and municipalities. See more information about statewide California down payment assistance programs.
Alameda County
Alameda County
Alameda County offers the following Local Down Payment Assistance:
- Down Payment Assistance Program
- Maximum loan of $80,000 for first-time homebuyers
- 15-year deferred loan converts to a "Shared appreciation loan" after 5 years (no interest if repaid in the first five years)
- Total Household Income cannot exceed 120% of Area Median Income
- Buyer must contribute a minimum of 1% of the purchase price
- To qualify for down payment assistance in California, buyers are required to complete a homebuyer counseling program.
Homebuyer Education
Anaheim
Anaheim
Anaheim offers the following Local Down Payment Assistance:
- Down Payment Assistance Program
- Maximum loan of $125,000
- 30-year deferred loan with 3-5% interest
- Buyer must contribute a minimum of 3% cash down payment
- Property must be a single unit within Colony Park or Harbor Lofts
- Approved for use with Conventional, FHA, FMNA first mortgages
- To qualify for down payment assistance in California, buyers are required to complete a HUD-certified Homebuyer Education program.
Homebuyer Education
Bakersfield
Bakersfield
Local Down Payment Assistance program available in Bakersfield:
- Down Payment Assistance Program
- 30-year deferred interest-free loan
- Property must be located in one of the City’s specific developments
Brea
Brea
Brea offers the following Local Down Payment Assistance:
- Silent Homebuyer Assistance Program
- Maximum interest-free loan of $225,000
- No monthly payments for the first five years. Principal-only payments in years six through thirty
- Buyer must contribute a minimum of 3% the purchase price toward down payment and closing costs (minimum of $10,000)
Buena Park
Buena Park
Local Down Payment Assistance program available in Buena Park:
- First Time Homebuyer Program
- Maximum loan of $100,000
- 30-year deferred loan with 3% interest
- Total Household Income cannot exceed 80% of the Area Median Income
- Buyer must contribute a minimum of 3% of the purchase price as a down payment
- Maximum allowable purchase price of $516,800 for single-family home and $399,000 for a condominium or townhome
Calexico
Calexico
Local Down Payment Assistance program available in Calexico:
- First Time Homebuyer Down Payment Assistance Program (FTHB)
- Maximum loan of $25,000
- 1% interest rate repayable upon payment of first mortgage or at the end of 30 years (whichever occurs first)
- Total Household Income cannot exceed 80% of the Area Median Income
- Maximum allowable purchase price is $234,650
Carlsbad
Carlsbad
Carlsbad offers the following Local Down Payment Assistance:
- Down Payment and Closing Cost Assistance Program
- Maximum interest-free loan of 5% market value or $20,000 (whichever is less)
- Repayable upon sale of property
- Monthly housing costs cannot exceed 35% of monthly household income
Chowchilla
Chowchilla
Local Down Payment Assistance program available in Chowchilla:
- Homebuyer Assistance Program
- Interest-free loan must not exceed amount of first mortgage or 49% of total financing
- Repayable 15 years after the primary loan’s terms
- Monthly housing costs cannot exceed 35% of monthly household income
- Buyer must contribute a minimum of 1% down payment
- To qualify for California down payment assistance, buyers are required to be first time homebuyers and complete a free eduction course.
Homebuyer Education
Chula Vista
Chula Vista
Chula Vista offers the following Local Down Payment Assistance:
- Neighborhood Stabilization First Time Homebuyer Program (NS FTHB)
- Maximum interest-free loan of $70,000
- Repayable upon payoff of first mortgage, sale of home or transfer of title
- Only principal loan amount to be repaid if owner lives in the home for at least 15 years
- Property must be foreclosed within a targeted neighborhood
Clovis
Clovis
Local Down Payment Assistance program available in Clovis:
- Down Payment Assistance Program
- Maximum loan of 50% purchase price or $100,000 (whichever is less)
- Maximum allowable purchase price is $200,000
Corcoran
Corcoran
Local Down Payment Assistance program available in Corcoran:
- Homebuyer Assistance Program
- Interest-free loan must not exceed amount of first mortgage or 49% of total financing for first time homebuyers
- Repayable 15 years after the primary loan’s terms
- Monthly housing costs cannot exceed 35% of monthly household income
- Buyer must contribute a minimum of 1% down payment
- To qualify for California down payment assistance, buyers are required to complete a homebuyer education course.
Homebuyer Education
Cypress
Cypress
Cypress offers the following Local Down Payment Assistance:
- Home Equity Loan Program (HELP I)
- Maximum loan of $25,000 for first time homebuyers
- 30-year deferred loan. First 5 years carry either a 0% interest rate (conventional first mortgage) or a 3% interest rate (FHA first mortgage). After the 6th year, loan become amortized at either a 5% interest rate (conventional) or 3% interest rate (FHA)
- Total Household Income cannot exceed 120% of Area Median Income
- Buyer must contribute a minimum of 2.5% of the purchase price
El Centro
El Centro
El Centro offers the following Local Down Payment Assistance:
- First Time Homebuyer Program
- Maximum interest-free loan of 18% of the sales price or $50,000 (whichever is less)
- After the primary loan has been paid (or after 30 years, whichever occurs first), the principal amount due will be amortized for up to 15 years
- Total Household Income cannot exceed 120% of Area Median Income
- Buyer must contribute a minimum of 2% of purchase price toward down payment
- To qualify for down payment assistance in California, buyers are required to complete an 8-hour Homeownership Education Workshop.
Homebuyer Education
Fountain Valley
Fountain Valley
Local Down Payment Assistance program available in Fountain Valley:
- First Time Homebuyer Program
- Maximum loan of $150,000
- 45-year loan, interest and payments deferred for the first 10 years
- Total Household Income cannot exceed 120% of the Area Median Income for Orange County
- Monthly housing costs cannot exceed 35% of monthly household income
- Buyer must contribute a minimum of 3% toward the down payment
Fresno County
Fresno County
Fresno County offers the following Local Down Payment Assistance:
- Neighborhood Stabilization Program (NSP)
- Maximum loan of 30% of the purchase price
- Buyer must contribute a minimum of 1.5% of the purchase price
- Property must be a foreclosed single family home in Fresno County or cities of Coalinga, Fowler, Kerman, Kingsburg, Mendota, Reedley, Sanger and Selma
- Maximum interest-free loan of 20% of the purchase price
- Buyer must contribute a minimum of 1.5% of the purchase price
- Maximum allowable purchase price of $232,750
- To qualify, buyers are required to complete a Homeowner Training course
Homebuyer Assistance Program (HAP)
Homebuyer Education
Huntington Beach
Huntington Beach
Huntington Beach offers the following Local Down Payment Assistance:
- First Time Homebuyers Down Payment Assistance Program (DAP)
- Maximum interest-free loan of 20% of the sales price
- 45-year loan, principal payments are due after 30 years or upon payoff of first mortgage, sale of home or transfer of title
- Monthly housing costs cannot exceed 36% of monthly household income
- Maximum allowable purchase price of $515,000
- Buyer must contribute a minimum of 3% of the purchase price
- To qualify, buyers are required to complete a Homeowner Training Course
Homebuyer Education
La Mesa
La Mesa
Local Down Payment Assistance program available in La Mesa:
- Down Payment and Closing Cost Assistance
- Maximum loan of $70,000
- 30-year deferred loan with 3% interest
- Total Household Income cannot exceed 80% of the Area Median Income
- Maximum allowable purchase price of $451,250
- Buyer must contribute a minimum of 3% of the purchase price toward down payment, plus closing costs
Menlo Park
Menlo Park
Menlo Park offers the following Local Down Payment Assistance:
- Purchase Assistance Loan (PAL)
- Maximum loan of $75,000 or 20% of the sales price (whichever is less) for first time homebuyers
- 35-year loan with the first 5-years of 0% interest. The following 30 years are fully amortized at a 5% interest rate
- Total Household Income cannot exceed 11% of the Area Median Income
Modesto
Modesto
Local Down Payment Assistance program available in Modesto:
- American Dream Down Payment Initiative (ADDI)
- Maximum loan of $10,000 or 6% of the sales price
- 30-year deferred loan repayable upon payoff of first mortgage, sale of property or transfer of title
- Buyer must contribute a minimum of 1.5% of the purchase price
- Buyer must have been employed in the city of Modesto or have a Modesto address within the past 6 months
Oceanside
Oceanside
Oceanside offers the following Local Down Payment Assistance:
- CalHome First Time Homebuyer Program (FTHB)
- Maximum loan of $36,000
- 30-year deferred loan repayable upon payoff of first mortgage, sale of property or transfer of title
- Total Household Income cannot exceed 80% of the Area Median Income
- Maximum allowable purchase price of $380,000
- Buyer must contribute a minimum of $5,000 toward down payment and closing costs
Porterville
Porterville
Local Down Payment Assistance program available in Porterville:
- First Time Homebuyer Program
- Maximum loan of $40,000
- Deferred loan with 1% simple interest repayable upon payoff of first mortgage, sale of property or transfer of title
- Total Household Income cannot exceed 80% of the Area Median Income
- Maximum allowable purchase price of $247,000
- Buyer must contribute a minimum of 3% of the purchase price as a down payment
Homebuyer Education
To qualify for down payment assistance in California, buyers are required to complete a city-approved Homebuyer Education class.
Redding
Redding
Redding offers the following Local Down Payment Assistance:
- Homebuyer Program
- Maximum loan of $60,000
- Maximum allowable purchase price of $178,600
- Buyer must contribute a minimum of 3% of the purchase price plus closing costs
Riverside
Riverside
Riverside offers the following Local Down Payment Assistance:
- Down Payment Assistance Program
- Maximum loan of $50,000
- Total Household Income must fall between 80% and 120% of the Area Median Income
- Maximum allowable purchase price of $250,000
- Eligible properties include foreclosed homes
Sacramento County
Sacramento County
Local Down Payment Assistance program available in Sacramento County:
- NeighborWorks Down Payment Assistance
- Available to homebuyers who are in need of financial assistance and have completed the NeighborWorks Sacramento education track
- Approved for use with conventional and FHA first mortgages
Santee
Santee
Santee offers the following Local Down Payment Assistance:
- First Time Homebuyer Program
- Maximum loan of $40,000
- 3% interest rate is forgiven if buyer occupies the home for at least 10 years. Loan is repayable upon payoff of first mortgage, sale of property or transfer of title
- Total Household Income cannot exceed 80% of the Area Median Income
- Maximum allowable purchase price of $450,000
- Buyer must contribute a minimum of 2% of the purchase price toward down payment and closing costs
San Diego
San Diego
Local Down Payment Assistance programs available in San Diego:
- Neighborhood Stabilization Program (NSP)
- Maximum interest-free loan of 17% of the sales price for first time homebuyers
- 30-year deferred loan. Grants of up to 3% of the purchase price forgiven after 6 years if buyer remains in the house
- Total Household Income cannot exceed 120% of the Area Median Income
- Maximum loan of 17% of the sales price for first time homebuyers
- 30-year deferred loan repayable upon payoff of first mortgage, sale of property or transfer of title
- Total Household Income cannot exceed 100% of the Area Median Income
- Maximum allowable purchase price of $451,250
- Buyer must contribute a minimum of 3% toward the down payment
- Maximum grant of 4% of the sales price or $15,000 (whichever is less) for first time homebuyers
- Repayment, plus 5% interest, due upon payoff of first mortgage, sale of property or transfer of title
- Total Household Income cannot exceed 80% of the Area Median Income
- Maximum allowable purchase price of $451,250
Shared Appreciation Loan Program
Closing Cost Assistance Grant Program
San Diego County
San Diego County
San Diego County offers the following Local Down Payment Assistance:
- Down Payment and Closing Cost Assistance
- Maximum loan of 33% of the sales price or $35,000 (whichever is less) for first time homebuyers
- Total Household Income cannot exceed 80% of the Area Median Income
- Maximum allowable purchase price of $451,250
- Buyer must contribute a minimum of 1% of the purchase price
- To qualify for down payment assistance in California, buyers are required to complete a HUD-approved Homebuyer Education class.
Homebuyer Education
San Jose
San Jose
San Jose offers the following Local Down Payment Assistance:
- Building Equity & Growth in Neighborhoods (BEGIN)
- Provides down payment assistance in newly constructed housing developments for first time homebuyers
- Maximum loan of $20,000
- Property must be foreclosed and located in a designated census tract
- Total Household Income cannot exceed 120% of the Area Median Income
- Provides teachers and staff who are full-time employees at a school in the City of San Jose with a maximum loan of $50,000
- Repayment is due upon payoff of first mortgage, sale of property, transfer of title, or after 45 years
- Total Household Income cannot exceed 120% of the Area Median Income
- Buyer must contribute a minimum of 3% of the purchase price toward down payment
- Maximum loan of $25,000 for first time homebuyers
- 3% simple interest
- Maximum allowable purchase price of $481,650
- To qualify for the NSP, buyers are required to complete an 8-hour homebuyer education program through the Neighborhood Housing Services Silicon Valley (NHSSV). To qualify for the WelcomeHome Program, buyers are required to complete a HUD-certified homebuyer education course.
Neighborhood Stabilization Program (NSP)
Teacher and Credentialed Staff Homebuyer Program
WelcomeHome Loan Assistance Program
Homebuyer Education
Shasta Lake
Shasta Lake
Local Down Payment Assistance program available in Shasta Lake:
- Homebuyer Program (HP)
- Maximum interest-free loan of $60,000
- 30-year deferred loan repayable upon payoff of first mortgage, sale of property or transfer of title
- Total Household Income cannot exceed 80% of the Area Median Income
- Maximum allowable purchase price of $150,000
- Buyer must contribute a minimum of 3% of the purchase price toward the purchase
Sonora
Sonora
Sonora offers the following Local Down Payment Assistance:
- Homebuyer’s Assistance Loan Program
- Maximum loan of $100,000
- Deferred loan repayable upon payoff of first mortgage, sale of property or transfer of title
- Total Household Income cannot exceed 80% of the Area Median Income
- Maximum allowable purchase price of $300,000
- Buyer must contribute a minimum of 3% of the purchase price or $3,000 (whichever is greater)
Stanislaus County
Stanislaus County
Local Down Payment Assistance program available in Stanislaus County:
- Down Payment Assistance Program
- Maximum loan of $75,000 for first time homebuyers
- Maximum allowable purchase price of $362,790
- To qualify, buyers are required to complete a Homeownership Counseling class
Homebuyer Education
Sunnyvale
Sunnyvale
Sunnyvale offers the following Local Down Payment Assistance:
- First Time Homebuyer Loan Program
- Maximum loan of $50,000 for first time homebuyers
- 30-year deferred loan repayable upon payoff of first mortgage, sale of property or transfer of title with 3% simple interest
- Buyer must contribute a minimum of 3% toward the down payment and/or closing costs
Tulare
Tulare
Local Down Payment Assistance program available in Tulare:
- First Time Homebuyer Program
- Maximum loan of $60,000
- 30-year deferred loan repayable upon payoff of first mortgage, sale of property or transfer of title with 1% simple interest
Tulare County
Tulare County
Tulare County offers the following Local Down Payment Assistance:
- First Time Homebuyer Program
- Maximum loan of $60,000 plus $10,000 or 6% of the sales price (whichever is greater)
- 2% simple interest. No monthly payments required for first 30 years
- Buyer must contribute a minimum of 3% of the purchase price as a down payment
- To qualify for California down payment assistance, buyers are required to complete a homebuyer education course.
Homebuyer Education
Turlock
Turlock
Turlcok offers the following Local Down Payment Assistance:
- First Time Homebuyer Program
- Maximum loan of 20% of the sales price
- 30-year deferred loan repayable upon payoff of first mortgage, sale of property or transfer of title with 3% simple interest
- Total Household Income cannot exceed 80% of the Area Median Income
- Buyer must contribute a minimum of $3,000 toward purchase
Victorville
Victorville
Victorville offers the following Local Down Payment Assistance:
- Neighborhood Stabilization Program (NSP)
- Maximum loan of $20,000
- Property must be foreclosed and purchased at a discount of at least 1% of the appraised value
- Maximum loan of $20,000 for first time homebuyers
- 30-year deferred loan repayable upon payoff of first mortgage, sale of property or transfer of title
- Maximum allowable purchase price of $150,000
- Buyer must contribute a minimum of 1% toward the purchase
- To qualify, buyers are required to attend a Homebuyer Education class.
Mortgage Assistance Program
Homebuyer Education
Vista
Vista
Local Down Payment Assistance program available in Vista:
- Vista Homeownership Program (VHOP)
- Maximum loan of $60,000
- Repayable upon payoff of first mortgage, sale of property or transfer of title
- Buyer must contribute a minimum of $3,000 toward purchase
- To qualify, buyers are required to complete a HUD-approved homeownership counseling class.
Homebuyer Education
Westminster
Westminster
Westminster offers the following Local Down Payment Assistance:
- First Time Homebuyer Program
- Maximum loan of $75,000
- “Gap funding” which provides the funds for the difference between the maximum first loan and the purchase price
- Buyer must contribute a minimum of 3% of the purchase price toward down payment
Yorba Linda
Yorba Linda
Local Down Payment Assistance program available in Yorba Linda:
- Mortgage Assistance Program (MAP)
- Maximum loan of 10% of the sales price or $25,000 (whichever is less)
- 15-year deferred loan repayable upon payoff of first mortgage, sale of property or transfer of title
- Buyer must contribute a minimum of 5% of the purchase price toward down payment
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About Local Down Payment Assistance California
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Copyright © 2011 Meridian Home Mortgage Corp. NMLS #56301. All rights reserved.
Copyright © 2011 Meridian Home Mortgage Corp. NMLS #56301. All rights reserved.
Meridian Home Mortgage Corporation NMLS #56301. Licensed by the Virginia State Corporation Commission #MC-3680; Commonwealth of Pennsylvania Department of Banking #21605; State of Maryland #8196; Connecticut Banking Commission #11930; Delaware Bank Commissioner #7885, District of Columbia MLB56301; Florida Office of Regulation MLD172; Massachusetts Division of Banks Broker #MB56301; Kentucky MB 72686; Washington CL-56301; Oregon ML-4979; Georgia Department of Banking and Finance #33346.
Loans are arranged through third parties. We arrange but do not make loans.
Meridian Home Mortgage Corporation is located at 1363 N. Main St Hampstead, Maryland 21074
Meridian Home Mortgage Corporation is located at 1363 N. Main St Hampstead, Maryland 21074