California Down Payment Assistance

We’re dedicated to providing information on assistance programs in the state of California to help you understand the best option for you.

Over the last decade research has consistently shown that homeownership has a positive impact on the socioeconomic status of a household and community. The financial benefits range from yearly tax benefits to the creation of wealth over time earned through equity gained as monthly mortgage payments are made.¹

Areas with high rates of homeownership often see lower crime rates, better educational outcomes for children and significant rates of community involvement. Research conducted by the National Association of REALTORS® showed that stable housing created by homeownership led to improved children’s educational achievement, improved civic participation, improved health care outcomes for families, and reduced neighborhood crime rates.¹

One of the major barriers is that prospective buyers simply cannot accumulate sufficient funds for a down payment. This problem has worsened due to higher rents, particularly in metro areas, that make saving for a down payment that much more difficult.¹

This is why Down Payment Assistance Programs are so important. We’re dedicated to providing straightforward information on assistance programs in California to help you understand the best option for you.

Home buyers interested in down payment assistance options in California must meet income and purchase price limits set by federal guidelines, while demonstrating creditworthiness and meeting standard mortgage underwriting requirements. Home buyers must also occupy the purchased home as their primary residence. The programs are provided by the Golden State Finance Authority (GSFA) and accessible to eligible borrowers by directly contacting a participating mortgage lender. Click below to see the down payment assistance programs available and find a participating lender today.

LEARN MORE:

GSFA Open doors

calhfa dream for all

Learn about the GSFA OpenDoors Down Payment Assistance Program

Learn about the CalHFA California Dream For All Shared Appreciation Loan

Site content valid through 12/31/2023

¹NATIONAL ASSOCIATION OF REALTORS®. April 2012. Benefits of Homeownership and Stable Housing. Research Division. https://www.nar.realtor/sites/default/files/migration_files/social-benefits-of-stable-housing-2012-04.pdf