Down Payment Assistance

Overview

Down Payment Assistance (DPA) programs come from state, county, city, and nonprofit sources. They can take the form of an outright grant, a forgivable second mortgage that disappears after a set number of years, a deferred-payment second that's repaid only when you sell or refinance, or a matched-savings program.

Stacking a DPA with a first mortgage like FHA, Conventional, VA, or CalHFA can dramatically reduce the cash needed at closing. Programs change frequently and have nuanced rules — let me check what's available in your area when we talk.

Who it's for

Buyers with strong income but limited cash savings
First-time buyers needing CalHFA, GSFA, or similar programs
Households at or below program income limits
Buyers in cities and counties with active local DPA programs

What's typically reviewed

Income and asset thresholds (program-specific)
Often a homebuyer education course
Property must be in an eligible area for some programs
Compatible first mortgage
Owner-occupancy

This is a general description, not a guarantee of approval. Specific requirements vary by lender and program. Final qualification is determined during underwriting.

Other programs you might be looking for