You can also visit the CalHome Program website. Down Payment Assistance Programs. CalHOMENOFA@hcd.ca.gov, For Reporting Requirements and Requests For Funds Provides down payment assistance to those that are purchasing a home through the CalHome Program. Enable low- and very low-income households to become or remain homeowners. Up to 30% of the purchase price, maximum $60,000 Must be first-time homebuyer; Subject to income limitations No monthly payments Due in 30 years or when you sell or refinance the home GSFA Platinum Program. Since 1988, SDHC has helped more than 5,800 families and individuals buy their first homes. Get Started. It is up to the consumer to contact these entities and find out the specifics of each program. FHA.com is a private corporation and does not make loans. Resources; Documents; About; Resources. Local public agencies and nonprofit corporations. For additional program information click here. Wildland Urban Interface (WUI) Codes and Standards; Planning Home. Project loans to developers may be forgiven as the loans convert into deferred payment loans to individual homeowners. Agency: City of Bakersfield. We encourage users to contact their lawyers, credit counselors, lenders, and housing counselors. Program Phones: 661 … The CalHome Program provides applicants up to 17 percent of the total property price for down payment assistance, and 4 percent (up to $10,000) in closing costs assistance. An additional 1% is available to qualified Veterans, active duty Military, active Reservists and active National Guard. ELIGIBLE PROPERTIES. This page will be updated when we have funding replenished and are taking reservations. These funds come in the form of a loan with 3 percent simple interest per year, accrued annually. CalPLUS w/ ZIP EXTRA Homebuyer Assistance Program – CalPLUS w/ ZIP is CAlHFA’s premiere homebuyer assistance program that provides between 3% to 4.5% in down payment assistance, reduced mortgage insurance premiums. (Please close this window or tab to return to your search results.) The down payment assistance loans can range between up to $7,500 and up to $14,000. A good FICO score is key to getting a good rate on your FHA home loan. Must earn no more than 80% of the Area Median Income. REACH is a down payment assistance program funded by a grant from East West Bank. CalHome Program . Wildland Urban Interface (WUI) Codes and Standards; Planning Home. Under the First Home Mortgage Program, applicants can receive up to 4 percent of the total first mortgage amount to be put toward paying the down payment and closing cost assistance. These funds are available on a first-come, first-served basis, in the form of a zero-interest loan. www. Funds are provided to qualified households in the form of a 30-year, deferred-payment mortgage. Down payment assistance is in the form of a 3% simple interest secured subordinate mortgage of up to $40,000. The program is based on a first come, first served basis. *SDHC First-Time Homebuyer Program loans and grants cannot be used in conjunction with the Affordable For-Sale Housing Program. Learn More. MyHome Assistance Program. CalHome Grant in order to help individuals achieve their dreams of homeownership. The gap financing may be used for non-recurring loan closing costs and mortgage assistance. Structure HOME Atlanta 4.0 offers a competitive 30-year fixed interest rate FHA or VA mortgage with a forgivable 3.5% grant to help with the down payment … FHA.com's compilation is not a complete list, but it can serve as a starting point in your search for the down payment assistance program or grant for your situation. 3% simple interest with payments deferred for 30 years. Visit Governor's Website, Gustavo Velasquez, CalHome. Nphsinc.org: or 909/988-5979. Assistance Provided The CalHome First-Time Homebuyer Program provides up to $60,000 in down payment assistance in the form of a deferred repayment (“silent”) loan that requires no payment of principal or interest for thirty years. California’s Golden State Finance Authority (GSFA) created the Platinum Program, which provides low-to-moderate income California homebuyers with down payment and/or closing cost assistance to help them achieve their goals of purchasing a home. This program lets buyers get a single loan with just one closing. The Downpayment Assistance Program (DAP) is funded by the CalHome Program and offers eligible first-time homebuyers a simple interest, deferred payment loan to assist with the purchase of a home within the City of San Marcos. Round 2 Disaster NOFA – Application due date: Until all available funds (allocated per county) are exhausted, or by October 3, 2019 by 5:00 p.m., whichever is earlier. The CalHOME program is funded by a periodic award from the California Department of Housing and Community Development ("HCD") and is available on a first come first serve basis. Cal Home First-Time Homebuyer Program 2020 . Opportunity Down Payment Program; Inland Valley- San Bernardino County; www. Program ³+%$3´ leaving only a limited amount of CalHome funding to operate a much more limited down payment assistance program. Housing & Community Development (HCD) and updated annually How AMI Limits are Applied: The "Preferred Lending Professionals" on our approved list are … mortgage low-income households can pay, plus their down payment, subtracted from the cost of a modest home. Cities of Fontana, San Bernardino, Riverside, Moreno Valley & Corona Key words: First time homebuyer, down payment assistance, DAP, Accessory Dweling Units, Self-Help Programs, Self-Help Projects, Rehabilitation, Manufactured Homes, CalHome, Project Development Loans, Owner Occupied Rehabilitation. WISH Application (PDF) CalHOME. CalHome (Program Brochure in English and Spanish) offers up to $38,000 in a "silent" down payment assistance loan for low income households purchasing in Contra Costa County. The $3.3M in additional funds, awarded earlier this year, will allow VCCDC to provide down payment assistance for eligible homebuyers in Ventura County. NHSIE CalHome. No monthly payments are required. Applications are invited through the issuance of Notices of Funding Avaiability (NOFAs). Silent means you never make a payment on this loan for as long as you live in the house. This program is currently suspended for lack of funds. Building & Safety; Code Compliance; Housing; Sustainability Planning; Zoning & Development Program Features: • deferred payment loan secured by a deed of trust • assistance is calculated at 20 percent of the purchase price to a maximum of $40,000 • Minimum loan amount is $10,000 • 3% simple interest – principal and interest are deferred for the term of the loan 2019 General NOFA – Application due date: February 18, 2020 by 5:00 p.m. The CalHFA MyHome Assistance Program offers applicants a deferred-payment junior loan up to 3% of the purchase price/appraised value of the mortgaged property in order to help make the down payment or pay the closing costs. Rehabilitation and acquisition and rehabilitation of site-built housing, and rehabilitation, repair, and replacement of manufactured homes. Learn More. The total of the program loan may not exceed $30,000 (minus activity delivery costs) (Exhibit B), and is provided at a three percent (3%) interest rate. Direct, forgivable loans to assist development projects involving multiple ownership units, including single-family subdivisions. Browse through our frequent homebuyer questions to learn the ins and outs of this government backed loan program. The CalHome First-Time Homebuyer Mortgage Assistance Mortgage Credit Certificate Program. The amount of eligible assistance is based on the applicant’s gross household income and need. This jump started everything. To qualify for down payment assistance and other affordable homeownership opportunities, area clients must qualify as a low-to moderate income first-time homebuyer, when … Program Eligibility | Interest Rate | Homebuyer Education | How to Apply. Many down payment assistance programs run out of funds within a short period of time. The City of Napa has Down Payment Assistance Program is funded through grant funds received from the State of California's Department of Housing and Community Development. The FHA Loan is the type of mortgage most commonly used by first time home buyers and there's plenty of good reasons why. FHA.com is not a government agency. The interest is accrued annually at 3 percent simple interest per year. Please be sure you are subscribed to the CalHome emailing list to receive notifications and announcements. Provides down payment assistance to those that are purchasing a home through the CalHome Program. However, the non-profit can only take a limited amount of applications, so act quickly. … CalHome First-Time Homebuyer Mortgage Assistance Program . Neighborhood Stabilization Program - NSP-3 & NSP;- The Neighborhood Stabilization Program-3 (NSP-3) is designed to revitalize targeted neighborhoods in Fairfield and an unincorporated area of Solano County adjacent to Vallejo impacted by foreclosure. The REACH program provides 1% to 2% of sale price (not to exceed $5,000) in down payment assistance (DPA) funds to eligible homebuyers who are purchasing a home within the county limits of San Bernardino, Riverside, or San Diego, California. Now is the time to drop the interest rate on your 30-year mortgage or refinance into a 15-year home loan. Eligible homebuyers who were physically and/or economically displaced by the … 9342 Tech Center Drive, Suite 500 For all of our mortgage assistance programs, applicants are required to complete the 8-hour homebuyer education course from NeighborWorks ® HomeOwnership Center Sacramento Region. The CalHome Program provides applicants up to 17 percent of the total property price for down payment assistance, and 4 percent (up to $10,000) in closing costs assistance. The $3.3M in additional funds, awarded earlier this year, will allow VCCDC to provide down payment assistance for eligible homebuyers in Ventura County. The CalHFA USDA Program is a USDA Guaranteed first mortgage loan program, which can be combined with the MyHome Assistance Program (MyHome). (Workforce Initiative Subsidy for Homeownership)Down Payment Assistance Loan; Inland Valley- San Bernardino County; www. The DCCA CalHome San Diego down payment assistance program provides deferred loans to home buyers. NeighborWorks ® CalHome. Chenoa Fund is a down payment assistance program provided through CBC Mortgage Agency (CBCMA), which is one of nine tribally owned enterprises of the Cedar Band Corporation. Check out our move-in ready homes! Showhomes. These funds come in the form of a loan with 3 percent simple interest per year, accrued annually. calhomereports@hcd.ca.gov. Assistance for the MRB Home program ranges between 5-9% depending on loan amount. It’s best to review all factors in qualifying for down payment money. We do not ask users to surrender or transfer title. These programs may change or become unavailable at any time without notice. These guidelines shall describe the application process, criteria for determining Applicant eligibility, and requirements through loan monitoring the Program. Assistance comes in the form of a deferred payment loan program for first-time homebuyers. The City of Orlando’s Down Payment Assistance (DPA) Program provides assistance to qualified first-time home buyers for down payment and closing costs associated with purchasing a home. 3% to 5% down payment assistance of the purchase price is in the form of a forgivable grant at a rate of 20% per every year the Borrower lives at the property. Each potential down payment assistant applicant will have to undergo homebuyer counseling. For more information on the CalHome program, please visit our website: www.nwsac.org Customers using CalHome Assistance cannot exceed 80% of Area Median Income (AMI) limits for their Household size Income Limits set by the State Dept. Here are the property requirements, borrower requirements, loan terms, and how to apply. The CalHome First-Time Homebuyer Mortgage Assistance Program is designed to assist low-income homebuyers by providing down payment and mortgage assistance to reduce the amount of the first mortgage loan on homes located in eligible areas of the City and County of Sacramento. Sacramento, CA 95833, Mobilehome Registration and Titling: Quick Possessions. Note: CalHome does not lend directly to individuals. REACH is a down payment assistance program funded by a grant from East West Bank. Assistance to individual households will be in the form of deferred-payment loans payable on sale or transfer of the homes, or when they cease to be owner occupied, or at maturity. We do not ask users to bypass their lender. The home must be located within City limits. These loans don’t require repayment until the recipient sells or refinances the home. Down Payment Assistance Programs . Qualifying resale or new homes may not exceed $295,000. The CalHome / BEGIN Mortgage Assistance Program (MAP) provides secondary down payment and closing cost assistance to income eligible, first-time homebuyers purchasing homes in City of Livermorethe . The maximum loan amount will never exceed the amount of the primary loan. Staff will be working on the Program … Gateway Muskoka is a locally-funded down payment assistance program that aims to help modest-income individuals or families who seek homeownership. ​The First Time Homebuyer Loan Program that was established by the City of Emeryville  provides down payment assistance to households at or below moderate income. Loans for real property acquisition, site development, predevelopment, construction period expenses of homeownership development projects, or permanent financing for mutual housing and cooperative developments. There are no monthly payments. Opportunity Down Payment Program; Inland Valley- San Bernardino County; www. Predevelopment, site development, and site acquisition for development projects. - Improving Your Credit Score Has Never Been More Important -. Funds may be available at a later date. The FTHB Program provides down payment assistance in the form of a loan, the maximum amount of which may not exceed the lesser of the maximum HOME subsidy limit, 20 percent of the purchase price, or the amount needed as determined by underwriting criteria. This initiative gets individuals out of the renter’s trap by helping them to pay the heavy, upfront costs of purchasing a home. This assistance comes in the form of a grant, which has no repayment terms. The program offers 30 year, fixed-rate FHA, VA, USDA, and Conventional loan products at favorable interest rates. The funds awarded to the City through the CalHome Program will assist individuals with first-time home buyers deferred payment loans for down payment assistance, owner-occupied home rehabilitation loans, and assistance to create Accessory Dwelling Units (ADU’s). The City of Oceanside Mortgage Credit Certificate Program is available in conjunction with our CalHome First-Time Homebuyer Program and applicants must meet the requirements for that program to be eligible to apply. Eligibility Requirements Eligible Applicants: Nonprofit Public Agency Our downpayment assistance is only for homebuyers who use our home loan programs, either Home Advantage or Opportunity.If your household income is under the program limits (up to $145,000), your credit score is at least 620, and you’re otherwise qualified for a home loan, you are probably eligible. Program Criteria. The … Downpayment assistance, mortgage financing, homebuyer counseling, and technical assistance for self-help. The City's Down Payment assistance is in the form of a silent (deferred) loan. Project loans to developers may be forgiven as the loans convert into deferred payment loans to individual homeowners. Cities of Fontana, San Bernardino, Riverside, Moreno Valley & Corona NHSIE.org or 909/884-6891 CHF Platinum Program … Name of Program Serving Contact Information Community Housing Trust (CHT) County of San Bernardino & Riverside County NPHS.info or 909/988-5979 CalHome County of San Bernardino & Riverside County NHSIE.org or 909/884-6891 CityLIFT . down payment contribution from the purchaser (Exhibit B). Up to $38,000 toward your down payment for a home in San Diego. Annual Reuse Report (XLS) must be submitted annually each year by July 31 for the 20-year Monitoring Agreement term with HCD. You can get one with a down payment as low as 3.5%. For more detailed financial information about the program, please see DCCA/Cal Home Program Overview. County of San Bernardino & Riverside . Down payment assistance programs and/or grants were researched by the team at FHA.com. Maximum Sales Price: ... (FTHB’s) and Down-payment Assistance Programs (DAP’s) when they are interviewing real estate agents for the listing of their home. FHA: MyHome offers a deferred-payment junior loan of an amount up to the lesser of 3.5% of the purchase price or appraised value to assist with down payment … Since 2007, VCCDC has been awarded $7M in funding for the First-Time Homebuyer Mortgage Assistance Program from the HCD for the CalHome Program. Down Payment and Closing Cost Assistance The program provides up to 4% of the first loan amount for down payment and closing cost assistance in the form of a Non Re-payable Grant. The CalHome Mortgage Assistance Program(MAP) provides secondary downpayment and closing cost assistance to income eligible, first-time home buyers purchasing homes in the City of Livermore. NHSIE East West Bank – REACH Program… Directions to our staged homes. As a result, HBAP assistance is now available exclusively only to low income buyers. FHA.com is a privately owned website, is not a government agency, and does not make loans. Homebuyers that meet income and qualifications can get an FHA or VA mortgage and receive a 3.5% grant towards down payment & closing costs. This program may be used with the LACDA's Home Ownership Program (HOP) and the Mortgage Credit Certificate Program (MCC), however, the most restrictive program guidelines apply. Downpayment Assistance FAQ: How can I get this assistance? The report shall be submitted electronically to calhomereports@hcd.ca.gov. The DCCA CalHome San Diego down payment assistance program provides deferred loans to home buyers. 2020-2021 … The maximum DCCA/CalHome loan amount is up to 17% of the purchase price for down payment assistance and 4%, up to $10,000 in closing costs assistance. Up to $60,000; 30-year deferred loan; 3% simple interest; GAP Financing; Minimum of 1% down payment; CalHOME funding is currently available; CalHOME Application (PDF) Upcoming Workshops. Keys to Doors 1% interest rate loan. Each program and participating lender may have different credit score requirements, income levels, etc. Additional Information: The program assisted 153 first time home buyers during its first year with funding of nearly $1.3 million being committed. The City of Brentwood offers first-time homebuyers the Down Payment Assistance Program (DAP), which provides funds that go toward the down payment and/or closing costs. Currently, there are two funding sources available and their eligibility criteria are listed. The assistance money is actually available. New! The Annual Reuse Report reports all activities from that previous fiscal year (July 1 – June 30). They insure the FHA loans that we can assist you in getting. CalHome Mortgage Assistance Program (CalHome) The CalHome mortgage assistance program provides loans up to $60,000 for first-time home buyers earning up to 80% AMI. CalHome Mortgage Assistance Program Guidelines The CalHome Mortgage Assistance Program(MAP) provides secondary downpayment and closing cost assistance to income eligible, first-time home buyers purchasing homes in the City of Livermore. CalHome loans can be placed in 2nd or 3rd subordinate position to the priority mortgages on the property. Nphsinc.org: or 909/988-5979. NHSIE CalHome. Grants to local public agencies and nonprofit developers to assist individual first-time homebuyers through deferred-payment loans for downpayment assistance, home rehabilitation, including manufactured homes not on permanent foundations, acquisition and rehabilitation, homebuyer counseling, self-help mortgage assistance, or technical assistance for self-help homeownership. Additional restrictions & requirements apply. The CalHome Program partners with lenders to assist low-income, first-time homebuyers with buying a home in the City of Oakland. Program: Down Payment Assistance Program. The City's Down Payment assistance is in the form of a silent (deferred) loan. California Department of Building & Safety; Code Compliance; Housing; Sustainability Planning; Zoning & Development The CalHome Program provides first-time homebuyers with a deferred loan at 3% simple interest to help cover the down payment and closing costs. W.I.S.H. Assistance to individual households will be in the form of deferred-payment loans payable on sale or transfer of the homes, or when they cease to be owner occupied, or at maturity. Our lending experts will tell you which programs you may qualify for and help you apply. Note: CalHome does not lend directly to individuals. Please note that all programs listed on this website may involve a second mortgage with payments that are forgiven, deferred, or subsidized in some manner until resale of the mortgaged property. There are currently no management memos for the CalHome Program on the website at this time. There are currently no CalHome Training and Technical resources on the website at this time. All funds to individual homeowners will be in the form of loans. This program funds the Riverside Down Payment Assistance Program, which provides first-time homebuyers up to $50,000 to help pay the hefty, upfront costs on their new homes. Testimonials. NHSIE.org or 909/884-6891. Down Payment Assistance Programs . Director, Rental Housing Program Compliance Regulatory Table, Local Assistance Loan and Grant Committee, State and Federal Income, Rent, and Loan/Value Limits, Affordable Housing and Sustainable Communities, California Emergency Solutions and Housing, Mobilehome Park Rehabilitation and Resident Ownership Program, Veterans Housing and Homelessness Prevention, Community Development Block Grant - Disaster Recovery, Community Development Block Grant - Neighborhood Stabilization, Emergency Housing and Assistance Program Capital Development, American Recovery and Reinvestment Act-Community Development Block Grant Recovery Program, American Recovery and Reinvestment Act-Homelessness Prevention and Rapid Re-Housing Program, Building Equity and Growth in Neighborhoods, Catalyst Projects for California Sustainable Strategies Pilot, Emergency Housing and Assistance Program Operating Facility Grants, Multifamily Housing - Governor's Homelessness Initiative, Mobilehome Park Maintenance Inspection Audit, Your Rights as a Mobilehome Park Resident, Mobilehome Residency Law Protection Program, Occupational Licensing Applicant & Licensee Forms, Occupational Licensing Examination Locations, Preliminary & Continuing Education Course Providers, Building Code Development & Adoption (Title 24), Manufactured Housing Laws and Regulations, State Housing Law Program Laws and Regulations, Public Lands for Affordable Housing Development, Regional Housing Needs Allocation and Housing Elements, Award-Winning & Exemplary Housing Elements, Assisted Housing Developments at Risk of Conversion, Population, Employment and Household Characteristics, Large Families and Female Headed Households, People with Disabilities, Including Developmental Disabilities, Codes and Enforcement and Onsite Offsite Improvement Standards, Address and Remove or Mitigate Constraints, Improve and Conserve the Existing Housing Stock, Program Overview and Quantified Objectives, Analysis of Consistency with General Plan, 2018 Disaster Recovery for 2017 Disasters, 2019 Disaster Recovery for 2018 Disasters, Addressing a Variety of Housing Challenges, Homeless Coordinating and Financing Council, Previous Notices of Funding Availability (NOFAs), CalHome Draft Guidelines – track change version, CalHome Draft Guidelines Public Comment Presentation, CalHome Summary of Comments and Responses, 2020 CalHome Webinar PowerPoint Presentation, CalHome Applications Received with Self Scores, Frequently Asked Questions – 2019 General NOFA, Round 2 Disaster NOFA Application - Amended, 2018 Disaster Assistance NOFA, Round 1 - Amended, 2016 Disaster Assistance NOFA for the 2015 Butte and Valley Wildfires, 2019 CalHome Awards and Final Scores Round 1, 2019 Disaster Assistance Awards, Round II, Payee Data Record (for Non-Profit Corporations), First-Time Homebuyer Mortgage Assistance Promissory Note, First-Time Homebuyer Mortgage Assistance Deed of Trust, Owner-Occupied Rehabilitation/Replacement Promissory Note, Owner-Occupied Rehabilitation/Replacement Deed of Trust, Owner-Occupied Rehabilitation/Replacement Escrow Instructions, First-Time Homebuyer Mortgage Assistance Promissory Note and Security Agreement for Purchase of Manufactured Home, Owner-Occupied Rehabilitation/Replacement Manufactured Housing Promissory Note and Security Agreemen, Earth Economics - Economic Impacts of the Rim Fire 2013, Business, Consumer Services and Housing Agency. Additional funding sources include Federal Community Development Block Grant funds, State CalHome Program funds, and City of San Diego Affordable Housing Funds. Silent means you never make a payment on this loan for as long as you live in the house. Resource Number: 5640392 Description. FHA.com is a privately-owned website that is not affiliated with the U.S. government. Low-income, first-time homebuyers may qualify for a low-interest, deferred payment loan of up to 17% of the purchase price for down payment assistance and 4%, up to $10,000 in closing costs assistance. NOTICE: Some FHA mortgage lenders are substantially raising FICO score requirements during the Coronavirus crisis, even though FHA minimums remain unchanged. Remember, the FHA does not make home loans. Nphsinc.org: or 909/988-5979. Through the Home in Five Advantage program, individuals or families who qualify would be able to obtain a 30-year fixed rate loan, 8% down payment/closing cost assistance grant, with special incentives for qualified United States military personnel. California Department of Housing & Community Development The San Diego Home Consortium offers individuals aid in purchasing their new home, with the Homebuyer Downpayment & Closing Cost Assistance (DCCA), or, Brentwood Down Payment Assistance Program, Emeryville First Time Homebuyer Loan Program, Monterey County Down Payment Assistance Program, Riverside Down Payment Assistance Program, SecureRights Advertiser Contact Information. Funding is limited, please call Hello Housing at 415.481.3116 for availability. W.I.S.H. The REACH program provides 1% to 2% of sale price (not to exceed $5,000) in down payment assistance (DPA) funds to eligible homebuyers who are purchasing a home within the county limits of San Bernardino, Riverside, or San Diego, California. • Down payment and/or closing cost assistance • Comes with deferred payment, 0% interest 2nd lien of 2.0% of the total 1st mortgage loan amount incl. This loan provides down payment assistance up to $30,000 and is deferred for 30 years at 3% simple interest. Key words: First time homebuyer, down payment assistance, DAP, Accessory Dweling Units, Self-Help Programs, Self-Help Projects, Rehabilitation, Manufactured Homes, CalHome, Project Development Loans, Owner Occupied Rehabilitation. The DAP loan must be used in conjunction with an original first, fixed-rate, fully amortized 30-year loan. Currently, there are two funding sources available, and their eligibility criteria are listed. Emeryville First Time Homebuyer Loan Program The First Time Homebuyer Loan Program that was established by the City of Emeryville … CHDC offers a variety of down payment assistance programs, either directly or through our affiliate organizations and partners, including CalHome, who offers up to $38,000 in a “silent second” down payment assistance loan. The CalHome Program provides applicants up to 17 percent of the total property price for down payment assistance, and 4 percent (up to $10,000) in closing costs assistance. This loan … Eligible buyers cannot exceed the county income limit. Housing and Community Development, Application, General Program, and Standard Agreements Questions Nphsinc.org: or 909/988-5979. The Rhode Island Housing department offers a down payment assistance program for first-time buyers purchasing in Cranston, East Providence, Pawtucket, Providence, Warwick and … Down payment and/or closing cost assistance; Forgivable after 5 years; FY 2020-21 WISH funds have been fully expended. (Workforce Initiative Subsidy for Homeownership)Down Payment Assistance Loan; Inland Valley- San Bernardino County; www. CalPLUS is offered in both FHA and Conventional financing. Emeryville First Time Homebuyer Loan Program The First Time Homebuyer Loan Program that was established by the City of Emeryville … Resilience Soft Second Program – This program offers up to $55,000 Soft Second Assistance for down payment and up to $5,000 for Closing Cost. Since 2007, VCCDC has been awarded $7M in funding for the First-Time Homebuyer Mortgage Assistance Program from the HCD for the CalHome Program. Santa Ana’s Downpayment Assistance Loan Program provides eligible applicants up to $40,000 to be put toward the down payment on their new home. … These loans don’t require repayment until the recipient sells or refinances the home . 800-952-8356, Governor Gavin Newsom To be eligible for a CalHOME loan, a household must meet specific income, asset and property eligibilty as detailed below. Of site-built Housing, and Conventional loan products at favorable interest rates technical resources on website. To increase nationwide Affordable and sustainable homeownership, with a down payment assistance to those that are purchasing home... Homebuyer questions to learn the ins and outs of this government backed loan program as as. Until the recipient sells or refinances the home mortgage of up to $ 40,000 search results. of.... Interest to help cover the down payment assistance programs silent loan down payment closing... 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