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After last year’s budget of $300 million in down payment assistance was devoured in 11 days, California has relaunched its program with stricter guidelines to target a niche group of first-time ...
Down Payment Resource: Down Payment Resource, a private company, provides various resources for homebuyers, real estate agents and lenders, including an eligibility and assistance lookup tool. FAQ
Thanks to down payment assistance programs, you don't have to be rich to buy a home. It’s true that it can take some time and effort to find an assistance program that works for you.
However, providing down payment assistance to income-eligible buyers has always been an eligible use of HOME funds, so many of the state and local governments that receive HOME funds, called "participating jurisdictions" or "PJs," continue to operate down payment assistance programs locally. Due to the block grant nature of HOME, local programs ...
Home purchase or rehabilitation financing assistance – In this type of activity, the HOME program may provide a down payment for the purchase of a housing unit to a financial institution, thereby reducing the monthly mortgage payment of the loan balance for a low-income family that otherwise could not afford the monthly payment. The down ...
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