You can download my FREE guide to down payment assistance at buyahouseinLA.com. In the meantime, a few more programs have emerged that have been real gamechangers for my clients!
These are for owner occupants to buy your first home, though some can be used for 1-4 units if you plan to house hack.
Ladder Up
- $20k grant toward closing costs, rate buydown or down payment
- certain census tracts qualify
- some income and credit score requirements
Empowered DPA
- 3.5% forgivable grant
- FHA loan on 1-2 units
- no income restrictions for first time buyers
UWM 0% Down
- $15k as a 0% second loan with no payments (not a grant)
- 1 unit single family, condo or townhome
- some credit score requirements
Home Grant
- $50k grant toward closing costs, rate buydown or down payment
- minimum contribution from buyer is $10k
- some income and loan limits
Fairway Community Access
- $7k grant for residents of San Bernardino, Ontario, Riverside
- property can be anywhere in the US
- lender can also cover additional closing costs
Each of these programs is specific to a handful of rockstar lenders my clients have worked with directly. So reach out to me for more info and I’ll connect you!
You can also set up a 1:1 real estate goals call with me here: www.lyonideas.com/call