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Buying a home in California is possible with little or no down payment, but buyers need to do their research heavily and understand each path's requirements before engaging.
GSFA's down payment assistance (DPA) programs are available for the purchase or refinance of a primary residence in California.
Two types of government-sponsored loans ? VA loans and USDA loans ? allow you to buy a home without a down payment. Each of the two loans has a very specific set of criteria you must meet to qualify for a zero-down mortgage.
Biden's Down Payment Toward Equity Act is a down payment grant that offers a pathway to homeownership for first-generation home buyers. If the bill becomes law, qualified home buyers could receive up to $25,000 in grant funding for their home purchase.
The Downpayment Toward Equity Act is a first-time homebuyer grant bill. The bill was proposed to make homeownership more accessible for low-income or otherwise disadvantaged individuals and families across the U.S. The proposed program is meant to provide up to $25,000 to those preparing to purchase their first home.