Overcoming the Down Payment Challenge
Down payment remains the biggest hurdle for first-time buyers. Fortunately, multiple programs exist to help qualified buyers accumulate sufficient capital.
Available Programs
FHA loans require as little as 3.5% down. CalHFA, county, and local programs offer down payment assistance. Some employers and nonprofits provide homebuying grants.
Qualifying Matters
Income limits, credit score requirements, and property types vary by program. Work with a lender experienced in these programs to identify your best options.