DPA Programs in California

See which program is right for you!

Down Payment Assistance products offered in California include, CalHFA, GSFA Platinum, Santa Cruz County Association of Realtors Housing Foundation (SCCARHF) Closing Costs Assistance Grant Program, City of Carpinteria Workforce Homebuyer Program, CHENOA Fund Program, and the Within Reach Program. To see which program may be right for you, get started on your application today!

Available Programs

Chenoa Fund Program

The Chenoa Fund Program helps home buyers who don’t have a large amount to put toward a down payment by helping finance the down payment requirement on an FHA loan, which is 3.5%. It combines an FHA loan with a grant or loan to cover the down payment.

Availability: Nationwide

  • Down payment assistance up to 3.5% of the purchase price or appraised value
  • 30-year fixed term with full amortization on the first mortgage
  • Homebuyer education course NOT required
  • Credit and income restrictions may apply
  • FHA and Conventional

Cottage Health Mortgage Assistance Program

The Cottage Mortgage Assistance Program (MAP) Loan is offered to all current employees of the Cottage Health System who are first time homebuyers purchasing a property in Santa Barbara or Ventura counties.

Availability: California

  • 30-year fixed term with full amortization on the first mortgage
  • Conventional loan types only
  • Up to 15% of the purchase price in assistance up to a maximum of $250,000 with a 5% contribution from the borrower
  • 2nd lien with a fully amortized payment or an interest only payment.
  • Homebuyer education is not required

Cottage Health Shared Appreciation Loan

The Cottage Health Shared Appreciation Loan is offered to selected physicians who qualify based on a current or projected community need, on financial need, and on physician’s willingness to relocate to the Santa Barbara County.

Availability: California

  • 30-year fixed term with full amortization on the first mortgage
  • Conventional loan types only
  • Up to $300,000 in assistance 2nd lien with deferred payments
  • Borrowers are required to share a portion of appreciation in the property value when they sell/refinance or cease to occupy the property
  • If there is depreciation in the value of the property, Cottage Health will reduce borrower’s obligation to an amount equal to contingent share of the borrower’s loss resulting from the reduction of the value of the property based solely on market condition
  • Homebuyer education is not required

Golden State Finance Authority (GSFA) Platinum

The Golden State Finance Authority Platinum Program provides down payment and/or closing cost assistance, currently in the form of a forgivable second lien.

Availability: California

  • No first time home buyer restriction
  • Conventional Up to 5% of the first loan amount
  • FHA and VA up to 4% of the first loan amount
  • USDA up to 4% of the first loan amount
  • Homebuyer education course REQUIRED
  • Credit and income restrictions may apply

Within Reach Program

The Within Reach Program is available in all of California.

Availability: California

  • Down payment assistance up to 6% of the note amount
  • 30-year fixed term with full amortization on the first mortgage
  • FHA loan types only
  • Homebuyer education course is required
  • Credit and income restrictions may apply

Some program restrictions and requirements apply. The type of DPA and lien position will vary for each loan program. Please contact your On Q Home Loans Mortgage Consultant for more information. Loan down payment example is based on a 30 year fixed conventional mortgage loan with 4.0% down (provided through the Down Payment Assistance program). Amounts are based on loan amount of $200,000, interest rate of 4.185%, APR of 5.132%, $6,023 due from borrower at closing ($8,000 down payment paid through down payment assistance program). Approximate monthly payment of $1,465. All amounts shown are estimates provided for educational and comparison purposes only and will vary for each loan. Borrower will be responsible for down payment beyond what is provided by the program as well as any fees and costs associated with the loan. Down payment assistance may come in the form of a forgivable or non-forgivable lien. Income and geographic restrictions apply. Homebuyer education may be required for certain payment assistance programs. Program availability is subject to change without notice. Additional restrictions may apply. Loan amounts and fees will vary based on program used. Loan Amounts on FHA Scenario’s include an FHA 1.75% upfront fee. Loan Amounts on VA scenario’s include a 2.3% VA Funding Fee (Based on Regular Military 1st time usage)-No down payment required unless sales price exceeds appraised value. A USDA Guarantee fee will be charged and financed into the loan. The USDA Guarantee Fee is 1% of the loan amount and the USDA Annual Fee is 0.35% as of 06/01/2018. The USDA Annual Fee is to be paid monthly as part of the mortgage payment. On Q Home Loans is an Equal Housing Lender.On Q Home Loans0328180681Y000003h2Su