Down Payment Assistance

There are many down payment assistance programs available to both first time and non first time home buyers. These programs can be applied for during the mortgage process and can be layered together to help homebuyers purchase homes for little money down as well as help with closing costs. There are many programs available in the Bay Area and we encourage you to contact us to see which programs you may qualify for. We also offer free information sessions on Down Payment Assistance several times throughout the year.

Check out our free Home Readiness Program



National Homebuyers Fund (NHF) Grant


National Homebuyers Fund, Inc. recognizes that the down payment and closing costs associated with a home purchase can be on of the biggest challenges for many potential homebuyers. The NHF offers two programs, NHF Sapphire and NHF Platinum, with the Sapphire program having more generous credit score and debt-to-income (DTI) requirements.

  • Grant for either 3% or 4.5% of loan amount
  • Does not need to be paid back
  • Used with FHA, VA, USDA and Conventional loans
  • Subject to income limitations
  • Open to first-time home buyers and current or previous home owners




The CalPLUS loan is a Conventional or FHA first mortgage with a slightly higher fixed interest rate than our standard conventional program. This loan is fully amortized for a 30-year term and is combined with the CalHFA Zero Interest Program (ZIP) for closing costs. ZIP is a silent second loan for 3% or 4% or the first mortgage amount. (Can Be combined with the My Home silent second loan).


CalHFA My Home

My Home provides a deferred-payment junior loan – up to 3.5% of the purchase price, or appraised value, whichever is less, to be used for down payment and/or closing costs. This program must be combined with a CalHFA first mortgage program such as CalPLUS + Zip.


100% Financing Loan

Open Mortgage offers true 100% financing with no income restrictions and you do not have to be a first time home buyer to qualify. The loan will cover the entire purchase price and the borrower will only be responsible for closing costs.


City Specific Down Payment Assistance

Many California cities have down payment assistance programs to entice homebuyers into moving to their cities. This programs have been refunded in 2016 and have money to give away. The programs usually require the buyer to be a first-time homebuyer and to live in the house that they purchase. The specific program will differ depending on the city so contact us to get more information on cities that you are interested in.



If you are interested in any of these programs, please schedule your initial appointment today!

You will need to collect the following documents to bring with you:

  • W2 forms (last 2 years if possible)
  • Last 2 pay stubs
  • Statements from any interest, annuity, or dividend payments
  • Last 2 tax returns if you are self-employed or using business income
  • Last 2 months of bank statements
  • Last statements from any asset or investments account
  • Proof of ownership of any real estate

Have questions? Ready to get started?