Down Payment Assistance
A lender can help get you qualified for the down payment/closing cost assistance programs and get you pre-approved for a home loan. They collect your credit, income and employment information and from there match you to the best program. Here are some agencies that are offering down payment/closing cost assistance:
California Housing Financing Authority (CalHFA) – http://www.calhfa.ca.gov/
Golden State Finance Authority (GFSA) - http://www.gsfahome.org
Southern California Home Financing Authority (SCHFA) – http://www.lacdc.org/for-homeowners/southern-california-home-financing-authority
Buying a condo/townhouse or home that has homeowner’s association (HOA) dues? There’s a grant program for that too!
(EXHAUSTED — NO GRANTS LEFT!) California Association of Realtors Housing Affordability Fund (HAF) Homeowners Association Grant Program – http://www.car.org/difference/haf/Hoaassistanceprogram/
What to conduct your own search? The California Association of Realtors (C.A.R) offers a powerful down payment assistance search tool that can help locate available down payment and closing cost assistance programs available in the area you wish to purchase a home in (along with other criteria).
Visit finddownpayment.car.org to get started! Follow the steps below, click on “Learn More” on each program being offered for more information.