Thank you for inquiring about the Down Payment Assistance program where you can get up to 5% down assistance without repayment. You will be contacted within normal business hours 9am to 5pm PST when you complete the required information to the right.
Thank you! The grant can be up to 5% of the total loan amount depending on the loan program.
It can be applied toward the down payment, closing costs, and prepaid closing costs required and allowed by FNMA and FREDDIE MAC.
Additional key features include:
- Maximum loan amount is $417,000 or the county loan limit, whichever is less.
- Income limits apply.
- Seller and/or 3rd party contributions are allowed per agency guidelines.
- No requirement for the borrower to be a first time homebuyer.
- A borrower can own other properties and purchase a new, owner-occupied home using the this program.