NOTE: 2018 FIRST-TIME HOME BUYER DOWN-PAYMENT ASSISTANCE FUNDS ARE GENERALLY FIRST COME-FIRST SERVED AND ARE NOT GUARANTEEDPlease check with your local lender at all times to see if funds are still available and for guideline, income limit and debt ratio changes, or call us at 310-508-4354 and we will put you in touch with one.  

2018 First time home buyer programs available in California*                   Pre-Qualify for First Time Buyer Program

CalHFA 1st Loan (Conventional & FHA options available) 1% down buyer program

  • Bond loan that can assist with an extra money down payment or closing costs.
  • 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 1% down buyer program

  • 2nd position loan that can be used for down payment or closing costs.
  • 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 MCC

  • Dollar for dollar tax credit on the interest paid on the home.
  • Help buyers qualify for a higher purchase price using a 20% tax credit.

CalHFA Extra Credit Teachers Program (ECTP)

  • 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

  • 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

  • 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.

Programs available in Los Angeles County*

City of Pomona MAP

  • Up to $60,000 in down payment assistance.
  • Silent Loan for low income families.
  • Available for any home in the City of Pomona.
  • Buyer only needs to pay pre-paids (usually $1,500 to $3,000).

City of Claremont Inclusionary Program

  • 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.
  • Available for any home within the City of Compton.
  • Funds can also be used for closing costs.

City of Los Angeles LIPA

  • Up to $60,000 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 RNLA(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.

City of Los Angeles MCC

  • Dollar for dollar tax credit on the interest paid on the home.
  • Help buyers qualify for a higher purchase price.

County of Los Angeles HOP (please note there will be 10 loans available July 25th)  1% down buyer program

  • 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

Programs available in San Bernardino County*

City of Chino

  • Up to $60,000 in down payment assistance.
  • Silent Loan for low income families.
  • Available for specific modular homes in the City of Chino.

City of Rialto

  • Up to $58,000 in assistance.
  • Silent loan for low income borrowers.
  • Buyer needs to come in with 3% of own funds.

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.

Programs available in Riverside County*

City of Riverside

  • Up to Lesser of 25% or $50,000 in assistance.
  • Silent loan for low income borrowers.
  • Buyer needs to come in with 3% of own funds.

County of Riverside  0-1% down buyer program

  • 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.

County of Riverside MCC

  • Dollar for dollar tax credit on the interest paid on the home.
  • Helps buyers qualify for a higher purchase price.

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.

*2018 FIRST-TIME HOME BUYER DOWN-PAYMENT ASSISTANCE FUNDS ARE GENERALLY FIRST COME-FIRST SERVED AND ARE NOT GUARANTEED. Please check with your local lender at all times to see if funds are still available and for guideline, income limit and debt ratio changes, or call us at 310-508-4354 and we will put you in touch with one.

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