Down Payment Assistance Programs in California: Make Homeownership Affordable

Think you need to save for years before buying a home? Think again. California offers numerous down payment assistance (DPA) programs that can provide $10,000 to $30,000+ in grants and low-interest loans to help you buy your first home sooner. I've helped dozens of first-time buyers in Fresno access these programs—and I'd love to help you too.

What is Down Payment Assistance?

1. Grants (Free Money) Money you don't have to pay back. These are true gifts that reduce your out-of-pocket costs.

2. Second Mortgages (Low/No Interest Loans) Loans with very low interest rates (0-3%) or deferred payment loans that don't require payment until you sell, refinance, or pay off your first mortgage.

Why Use Down Payment Assistance?

Buy a Home Sooner Don't wait years to save. Use DPA to buy now and start building equity immediately.

Keep Your Savings Use assistance for down payment/closing costs and keep your savings for emergencies, furniture, and moving costs.

Lower Out-of-Pocket Costs Reduce what you need to bring to closing by thousands—sometimes $10,000 to $30,000+.

Build Equity Faster The sooner you buy, the sooner you start building equity instead of paying rent.

Combine with Other Loan Programs DPA can be used with FHA, VA, USDA, and conventional loans!

Who Qualifies for Down Payment Assistance?

General Eligibility Requirements:

Most California DPA programs require:

✓ First-time homebuyer status (haven't owned a home in the past 3 years)

✓ Income limits (typically 100-120% of area median income)

✓ Purchase a home in California

✓ Complete homebuyer education course (8-hour online course)

✓ Use as primary residence

✓ Minimum credit score (typically 640-680)

Note: Income limits and requirements vary by program. Some programs are available to repeat buyers or specific professions (teachers, first responders, etc.).

Major California DPA Programs

CalHFA MyHome Assistance Program:

Amount: 3.5% of the purchase price (up to $30,000)

Details:

  • Deferred-payment junior loan

  • 0% interest

  • No monthly payments

  • Loan forgiven after 30 years or when you pay off/sell/refinance

  • Can be used with FHA, VA, USDA, or conventional loans

California Dream For All

Amount: Up to 20% of purchase price

Details:

  • Shared appreciation loan

  • 0% interest

  • No monthly payments

  • When you sell, you pay back the original amount PLUS 20% of the appreciation

  • First-come, first-served (limited funding)

Fresno County DPA Programs

Various programs available through:

  • Fresno Housing Authority

  • City of Fresno

  • Local community development corporations

Typical assistance: $3,000 - $15,000

Requirements vary - contact me to discuss current available programs in your area.

Why Choose Marcus for DPA Programs?

  • DPA Expert: I've helped dozens of Fresno buyers access $10,000-$30,000 in down payment assistance. I know these programs inside and out.

  • Maximize Your Assistance: I'll identify every program you qualify for and help you combine them for maximum benefit.

  • Handle the Paperwork: DPA applications can be complex. I'll guide you through every form and document needed.

  • Coordinate Everything: I'll coordinate between the lender, DPA program, title company, and real estate agent to ensure smooth closing.

  • Homebuyer Education: I'll recommend the best homebuyer education courses and answer questions throughout.

  • Clear Timelines: You'll know exactly when to complete each step for timely closing.

Ready to Explore Down Payment Assistance?

Don't let a small down payment hold you back from homeownership. Let's find out which DPA programs you qualify for!