Knowledge Center
Down Payment Assistance
Discover programs and strategies to help you achieve your homeownership dreams with less money upfront.
Making Homeownership Accessible
The down payment is often the biggest hurdle for first-time homebuyers. While the traditional 20% down payment is ideal for avoiding private mortgage insurance (PMI), many programs exist that require significantly less—some even offering zero down payment options.
3%
Minimum Down Payment
2,500+
Assistance Programs in US
$15K
Average Assistance Amount
Federal Programs
Low Down Payment Loan Options
FHA Loans
Federal Housing Administration loans require as little as 3.5% down payment with a credit score of 580 or higher.
Minimum Down
3.5%
VA Loans
Available to veterans, active-duty service members, and eligible spouses with zero down payment required.
Minimum Down
0%
USDA Loans
For rural and suburban homebuyers, offering zero down payment options for eligible properties and incomes.
Minimum Down
0%
Conventional 97
Conventional loans backed by Fannie Mae requiring only 3% down payment for first-time homebuyers.
Minimum Down
3%
State Programs
California Assistance Programs
CalHFA MyHome Assistance Program
Provides a deferred-payment junior loan up to 3.5% of the purchase price or appraised value to help with down payment and/or closing costs.
CalHFA Zero Interest Program (ZIP)
Offers a zero-interest, deferred-payment second loan up to 3% of the first mortgage amount for closing costs.
California Dream For All
Shared Appreciation Loan providing up to 20% of the home's purchase price for down payment assistance.
Golden State Finance Authority (GSFA)
Provides up to 5% of the loan amount as down payment assistance, available as a grant or repayable second.
Expert Advice
Tips to Save for Your Down Payment
Start Saving Early
Open a dedicated savings account and set up automatic transfers. Even small amounts add up over time.
Reduce Existing Debt
Lower your debt-to-income ratio to qualify for better loan terms and potentially lower down payment requirements.
Explore Gift Funds
Many loan programs allow gift money from family members. Understand the documentation requirements.
Consider Seller Concessions
Negotiate for the seller to cover closing costs, freeing up more of your savings for the down payment.
Look Into Employer Programs
Some employers offer homebuying assistance as a benefit. Check with your HR department.
Research Local Programs
Many cities and counties offer additional assistance programs beyond state-level options.
Ready to Explore Your Options?
Let me help you navigate the various down payment assistance programs and find the best path to homeownership for your unique situation.