Think you can’t become a homeowner? Think again. Did you know programs are available to help you purchase your home? Some of the biggest hurdles, such as saving for a down payment, can be supplemented through government-run programs. We’ve outlined below a few reputable programs and tools to check out if you’re in the market for a new home.
- Mortgage assistance search through the California Association of REALTORs®. Use this search tool to identify potential down payment assistance programs in your area. The tool will review municipal and state-level websites to find a program that works for you. Begin your search here.
- U.S. Department of Housing and Urban Development programs. HUD breaks down homebuying programs and educational classes by cities in California. See what’s available in your area here. You can also sort by county here.
- California Housing Finance Agency. CalHFA offers homebuyer programs, down payment assistance, closing-cost assistance, and foreclosure -prevention resources. Learn more here.
- CalVet Home Loans. These programs are specifically for veterans looking to purchase homes in California. See which programs you might qualify for here.
- State of California Housing and Community Development. This government-run organization offers more than 20 programs that award loans and grants for the construction, acquisition, rehabilitation, and preservation of affordable rental and ownership housing. Learn more about programs you might qualify for here.
- U.S. Department of Agriculture and Rural Housing. If you’re looking for a home outside Southern California, see what these programs have to offer you. Learn more here.
In addition to government-run programs, as a homebuyer you can also find private programs or programs only offered by specific lenders. Use caution before signing any contracts. You’ll want to carefully read through all the documentation so you know exactly what you’re committing to. If you’re a first-time homebuyer, many programs are available to you. To help you find the right match, consider working with an agent who specializes in first-time home purchases.
To locate an agent who will exceed your expectations, begin your search here.
Like what you see here? Sign up for more! Our free e-newsletter informs you of listings in your community, insider real estate tips, the latest in home trends, and more.