State and Local Programs
American Dream Down Payment Assistance
The American Dream Down Payment Act is a down payment assistance initiative that allows grants to be given to participating jurisdictions to assist low-to-mid-income families and uniformed employees such as, policemen, firemen, sanitation, maintenance workers, and teachers who are employees of the participating state to achieve homeownership.
California Extra Credit Teacher Home Purchase Program provides up to $7,500 or 3% of the purchase price of a home for first-time home buyers who are certified teachers, administrators, and other employees of high-priority schools. Schools designated as "high priority" fall into three categories, including those that score in the bottom 50% on state-wide tests, those in which at least 70% of students qualify for free or reduced-price lunch, or those that serve very at-risk high school students. Income and sale price limits apply and are established for each county.
California Housing Finance Authority (CalHFA) - homebuyer programs, including down payment and closing cost assistance
U.S. Department of Agriculture Rural Housing - homebuyer programs in rural communities
Clearinghouse for affordable housing and community finance resources - a source of information on over 200 housing programs, government, private lenders and foundation grants
Community contacts - find out if your community offers homeownership assistance