First Time Down-Payment Assistance 2024

2024 First Time Home Buyer Programs Los Angeles

*ALL 2024 first-time home buyer and down-payment assistance programs listed below are generally first come, first-served and are not guaranteed. Please fill out the pre-qualify short form to see if you are eligible for funds! NOTE:  Section 8 subsidized programs may or may not apply. Please check with your lender.

2024 Programs Available throughout the State of California*

Fund availability, eligibility requirements, and lender guidelines are subject to change without further notice.

CalHFA 1st Loan 2024 (Conventional & FHA options available)

  • Bond loan that can assist with an extra money down payment or closing costs.                              Pre-qualify easy button
  • No restrictions on the areas borrowers can purchase (California only).
  • Allows buyer to come in with a 1% down payment on the 1st loan.

CalHFA MYHOME 2024

  • 2nd position loan that can be used for down payment or closing costs.
  • 3.5% of the purchase price.
  • Silent Loan (no payments are made during the first 30 years).
  • No restrictions on the areas borrowers can purchase (California only).
  • Allows buyer to come in with a 1% down payment on the 1st loan. 


CalHFA ZIP 2024

  • 2nd or 3 rd position loan that can be used for down payment or closing costs.
  • 3% to 4% of the purchase price. 
  • No restrictions on the areas borrowers can purchase (California only). 
  • Allows buyer to come in with a 1% down payment on the 1st loan. 


CalHFA Extra Credit Teachers Program (ECTP) 2024

  • Program is for teachers, administrators, school district employees and staff members working for any California K-12 public school.
  • $7,500 ($15,000 in High Cost Areas) or 3% of the purchase price, whichever is less. 
  • Silent Loan (no payments are made during the first 30 years).
  • No restrictions on the areas borrowers can purchase (California only). 

CalHFA EEM Grant 2024

  • Program is to be used with an FHA Energy Efficient Mortgage.
  • 4% of the loan amount that can be used above what the maximum allowed for a regular EEM Mortgage.
  • Grant Program, funds do not have to be paid back.
  • No restrictions on the areas borrowers can purchase (California only).

GSFA Platinum 2024

  • Loan program that combines with a 3% to 5% grant (does not have to be paid back).
  • No restrictions on the areas borrowers can purchase (California Only).
  • This can be structured both as FHA or Conventional.

2024 First-time Buyer Programs available in Los Angeles County

Fund availability, eligibility requirements, and lender guidelines are subject to change without further notice.

City of Claremont Inclusionary Program 2024

  • Covers the difference between the purchase price and affordable price of the home (One example had the borrower receiving $168,000 in assistance).
  • Borrower must contribute 5% of the purchase price; a portion may be from a gift.
  • For Moderate Income households, money is forgiven is living in the home for 45 years. City of Compton
  • Up to $150,000 in down payment assistance for Low Income Families, $100,000 for Moderate Income.
  • Silent Loan for low and moderate income families.
  • Funds can also be used for closing costs.

City of Compton buyer program 2024

  • Up to $150,000 in down payment assistance for Low Income Families, $100,000 for Moderate Income.
  • Silent Loan for low and moderate income families.
  • Available for any home within the City of Compton.
  • Funds can also be used for closing costs.

City of Inglewood Housing Authority buyer program 2019 (LOTTERY DRAWING)

  • Up to $350,000 in down payment assistance
  • Silent Second Loan 
  • Available for single family resident or condo/townhouse purchase in city of Inglewood boundaries
  • 0 interest rate
  • No Mortgage insurance

City of Los Angeles LIPA Program 2024

  • Up to $140,000 in down payment assistance for Low Income Families (can include closing costs up to 5% of purchase price).
  • Silent 2nd Loan for low income families.
  • Available for homes within the incorporated City of Los Angeles.
  • Maxiumum purchase price limit: Single Family Homes: $973,750, Condominiums & Townhomes: $593, 750.
  • Single family residence, condo, townhome/PUD properties
  • 1% purchase price from buyer/borrower's own funds (some may be required to contribute more under certain circumstances)  
  • Loan due on sale, title transfer, first mortgage repayment or in 30 years. 
  • Homebuyer classes required Los Angeles First time home buyer classes
  • Non-tenant occupied properties
  • Must be owner-occupied as primary residence
  • Refinancing of 1st mortgage may be allowed in certain circumstances (subject to change without notice)

City of Los Angeles MIPA Program 2024 - OUT OF FUNDS (please call regarding other programs)

  • Up to $90,000 - $115,000 in down payment assistance for Moderate Income Families.
  • Silent 2nd Loan for moderate income families.    
  • 1% purchase price from buyer/borrower's own funds 
  • Available for homes within the incorporated City of Los Angeles.
  • Funds can also be used for closing costs (up to 5% of purchase price).
  • Loan due on sale of the home, change of occupancy, title transfer, first mortgage repayment, or in 30 years.  Refinancing of 1st mortgage may be allowed in certain circumstances.
  • Homebuyer classes required Los Angeles First time home buyer classes
  • Non-tenant occupied properties
  • Must be owner-occupied as primary residence
  • Can potentially layer with Mortgage Credit Certificate Program (MCC)

City of Los Angeles RNLA 2024 (New programs to be listed soon)

  • Up to $60,000 in down payment assistance for Low or Moderate Income Families.
  • Available only for home offered by RNLA.
  • Funds can also be used for closing costs.

County of Los Angeles HOP 2024 

  • Up to $60,000 in assistance.
  • Eligible for certain cities and all of the unincorporated areas of Los Angeles County.
  • Silent Loan for low income borrowers.
  • Buyer only required to come in with 1% down in most cases.

Montebello Housing Development Corporation

  • Up to $55,000 for down payment assistance.
  • Can be used anywhere within LA County Areas.

WISH

  • Up to $15,000 for down payment of closing costs.
  • Grant that is forgiven after 5 years.
  • It is a 3 to 1 matching program borrower needs to contribute $5,000 to receive $15,000.
  • ALSO AVAILABLE FOR Orange County

2024 First Time Buyer Home Buyer Programs available in San Bernardino County*

NHSIE Neighborhood Lift 2024 Home buyer program

  • Up to $7,500 Grant that can be used for additional down payment.
  • ***Home must be located in Riverside or San Bernardino County***
  • For Moderate or Low income families.  ALSO AVAILABLE FOR San Diego County 

City of Rancho Cucamonga 2024 buyer program

  • One Home available through a lottery that will be conducted
  • Up to $95,000 in assistance

WISH

  • Up to $15,000 for down payment of closing costs.
  • Grant that is forgiven after 5 years.
  • It is a 3 to 1 matching program borrower needs to contribute $5,000 to receive $15,000.

First Time Home Buyer Programs available in Riverside County*

County of Riverside Home buyer program 2024

  • 2 programs with the county.
  • The money is forgiven after the affordability period, restrictions apply.
  • No down payment requirement, clients usually come in with 1% total.

NHSIE Neighborhood Lift

  • Up to $7,500 Grant that can be used for additional down payment.
  • Home must be located in Riverside or San Bernardino County.
  • For Moderate or Low income families.
  • ALSO AVAILABLE FOR San Diego County

WISH

  • Up to $15,000 for down payment of closing costs.
  • Grant that is forgiven after 5 years.
  • It is a 3 to 1 matching program borrower needs to contribute $5,000 to receive $15,000. 

PRE-QUALIFY OR SEE IF YOU QUALIFY FOR DOWN-PAYMENT ASSISTANCE PROGRAM

*ALL 2024 first-time home buyer and down-payment assistance programs listed above are generally first come, first-served and are not guaranteed.  Funds availability, eligibility requirements, and lender guidelines are subject to change without further notice.  Please fill out the pre-qualify short form for a first step in seeing if you are elible for funds! 

 

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