Loan Programs

Down Payment Assistance

Don't let the down payment stop you. Programs exist to help — and you may already qualify.

What Is Down Payment Assistance?

Down Payment Assistance (DPA) programs provide grants, forgivable loans, or deferred-payment loans to help homebuyers cover their down payment and/or closing costs. Many programs are specifically designed for first-time buyers, though some are available to repeat buyers too.

Sacramento has several city, county, and state programs available. Phi knows which programs you qualify for and can pair them with the right loan product.

Types of Assistance

Grants

Free money — doesn't need to be repaid. Some programs offer grants up to 3–5% of the purchase price.

Forgivable Loans

Second mortgages that are forgiven after a set period (usually 5-10 years) if you stay in the home.

Deferred Loans

No monthly payments required — repay only when you sell, refinance, or move out.

Matched Savings

Some programs match your savings 2:1 or 3:1 for homebuying — your $5K becomes $15K.

Sacramento Area Programs

CalHFA MyHome	Deferred-payment junior loan up to 3.5% of purchase price (or appraised value)
CalHFA ZIP	Zero-interest program — closing cost assistance up to 3% of the loan amount
SHRA (Sacramento)	Sacramento Housing & Redevelopment Agency programs for income-qualified buyers
GSFA Platinum	Up to 5.5% of loan amount as a gift — available with FHA, VA, USDA, and conventional loans
CalVet	California veteran-specific programs with competitive rates and DPA options

Program availability and terms change frequently. Phi will confirm current options during your consultation.

Common Eligibility Requirements

Income Limits — Most programs cap household income at 80-120% of area median income
First-Time Buyer — Many (not all) require you haven't owned a home in 3+ years
Homebuyer Education — A free online course is usually required
Primary Residence — Must be your primary home (no investment properties)
Purchase Price Limits — Varies by county and program

Do You Qualify?

Phi will check every DPA program available for your situation — many buyers qualify without realizing it.

Get Pre-Approved Book a Free Call

Other Loan Programs

Don't Let the Down Payment Stop You

Many buyers qualify for help they don't know about. Let's find out together.

Get Pre-Approved Check Affordability