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First Time Down-Payment Assistance 2019

2019 First Time Home Buyer Programs Los Angeles

*ALL 2019 first-time home buyer and down-payment assistance programs listed below are generally first come, first-served and are not guaranteed.  Fund availability, eligibility requirements, and lender guidelines are subject to change without further notice. Please fill out the pre-qualify short form to see if you are eligible for funds! 

2019 Programs Available throughout the State of California*

CalHFA 1st Loan 2019 (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 2019

  • 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 2019

  • 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) 2019

  • 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 2019

  • 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 2019

  • 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.

2019 First-time Buyer Programs available in Los Angeles County

City of Claremont Inclusionary Program 2019

  • 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 2019

  • 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 2019

  • Up to $90,000 in down payment assistance for Low Income Families.
  • Silent Loan for low income families.
  • Available for any home within the incorporated City of Los Angeles.
  • Funds can also be used for closing costs.

City of Los Angeles MIPA Program 2019

  • Up to $75,000 in down payment assistance for Low Income Families.
  • Silent Loan for moderate income families.
  • Available for any home within the incorporated City of Los Angeles.
  • Funds can also be used for closing costs.

City of Los Angeles Super MIPA 2019

  • Up to $35,000 in down payment assistance for Low Income Families.
  • Silent Loan for above moderate income families (but there is still a limit).
  • Available for any home within the incorporated City of Los Angeles.
  • Funds can also be used for closing costs.

City of Los Angeles RNLA 2019 (Limited Inventory of homes)

  • 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 2019 (please note there will be 9 loans available January 25th)

  • 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

2019 First Time Buyer Home Buyer Programs available in San Bernardino County*

NHSIE Neighborhood Lift 2019 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 2019 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 2019

  • 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 2019 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 to see if you are eligible for funds! 

 

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