Down Payment Assistance Programs for Bay Area Buyers
Last updated: August 2026
Don't let the down payment hold you back from homeownership. Explore grants, assistance programs, and low-down financing options.
How Assistance Works
Forgivable Grants
True grants that do not need to be repaid, provided you stay in the home for a specified period.
Deferred Second Loans
Low or zero-interest loans that don't require monthly payments and are only repaid when you sell or refinance.
Tax Credits
Programs like Mortgage Credit Certificates (MCC) that provide a direct federal tax credit for a portion of your mortgage interest.
Low-Down Programs
Specific loan types (like FHA, VA, or specialized conventional) that require as little as 0–3.5% down.
Assistance FAQ
What is down payment assistance?
Down payment assistance (DPA) includes grants, low-interest loans, and deferred-payment second mortgages designed to help home buyers cover the upfront cost of their down payment and closing costs. These programs are often aimed at first-time buyers but some are available to repeat buyers as well.
What programs are available in California?
The California Housing Finance Agency (CalHFA) offers several statewide programs, including the 'MyHome' assistance program. Additionally, many Bay Area cities and counties have their own localized grants or silent second mortgage programs for qualifying residents.
Do I have to pay back down payment assistance?
It depends on the program. Some are forgivable grants (no repayment), while others are 'silent second' mortgages that are repaid only when you sell, refinance, or reach the end of your primary mortgage term. Some programs require monthly payments.
What are the eligibility requirements?
Eligibility typically depends on your income, credit score, the purchase price of the home, and whether you are a first-time buyer (haven't owned a home in 3 years). Some programs also have location-based requirements.
Can I combine assistance with an FHA or Conventional loan?
Yes. Most DPA programs are designed to be used in conjunction with a primary FHA or Conventional loan. I connect buyers with lenders who specialize in these combined financing strategies.
Check Your Assistance Eligibility
Tell me a bit about your situation, and I'll help you explore which programs you might qualify for.