About the Program
Use it your way—for down payment or closing costs assistance.
Through our Forgivable Loan Program, qualified borrowers may receive up to $15,000 towards their down payment and/or closing costs, third-party fees, settlement costs, and even points to buy down the rate! Use it your way to make homeownership a reality.
Program Highlights
Key features and requirements.
Up to $15,000 in Assistance
Receive up to $15,000 to support your down payment and/or closing costs, making your home purchase more affordable.
Eligible Properties
Owner occupied single family residence, 1-4 units, Condos, and PUD. Eligible properties must be located in a majority minority census tract. Not limited to first-time homebuyers.
Forgivable Loan
Your loan is 100% forgiven over a 5-year period when all agreement terms are met, eliminating repayment obligations. 0% Interest rate and no payments during the term.
Eligible Markets
Available in most Southern California markets and select Northern California areas, expanding your homeownership opportunities.
Income Limits
Designed for borrowers with incomes between 150% - 200% of the Area Median Income, ensuring assistance for those who need it most.
Eligible Loan Program
Conventional 30-Year Fixed program, Standard Underwriting Guidelines, DTI up to 50%. No reserves required.
Key Benefits
Use It Your Way: For down payment or closing costs.
Dreams Made Affordable: Make homeownership a reality.
Conventional 30-Year Fixed Program: No reserves requiered
Forgivable Loan: 0% interest and no payments ever.
About HouseAmerica…
Over $3.8 Billion Funded
Helping Families, Investors and Realtors with an easy and transparent solution since 2018.
Over 6500 Families Served
We have created a seamless and transparent home loan solution for new homebuyers, experienced investors and partnered with realtors for a successful closing.
How It Works
Follow these simple steps to access your $15,000 assistance and achieve your homeownership goals.
Wage Earner Borrowers
W2s for past two years
Paystubs for past 30 days
Past 2 months statements for your assets (checking, savings, retirement, etc.)
Self employed borrowers
2 years Tax Returns: Personal and Corporate
Past 2 months statements for your assets (checking, savings, retirement, etc.)
Frequently Asked Questions
Find answers to the most common questions about our $15,000 Down Payment Assistance Program.
What does "100% forgiven over 5 years" mean?
Where is the Down Payment Assistance Program available?
Where are the eligible properties?
Do I have to be a first-time homebuyer?
What if I sell the home or do a cashout refinance?
Can I refinance my first loan and subordinate the forgivable loan?
What does a First Generation Homebuyer mean?
Can I have a non-occupant coborrower?
What is the minimum FICO?
What are the income limits for Los Angeles County?
What are the income limits for Orange County?
What are the income limits for Riverside County?
What are the income limits for San Bernardino County?
What are the income limits for San Diego County?
What are the income limits for Ventura County?
What are the income limits for Contra Costa County?
What are the income limits for Napa County?
What are the income limits for Placer County?
What are the income limits for Sacramento County?
What are the income limits for San Francisco County?
What are the income limits for San Mateo County?
What are the income limits for Santa Clara County?
