Down Payment Assistance Programs

DOWN PAYMENT ASSISTANCE PROGRAMS

For many people, saving enough money for a down payment is the biggest challenge getting in their way of being able to buy a home of their own. At APM, we have access to local, state, and national down payment assistance programs, also referred to as DPA programs or grants, to help those who qualify achieve the American dream of homeownership and all the benefits that come with it.

The latest housing authority to announce a new DPA program to homebuyers in California is the California Housing Finance Agency (CalHFA), with a program called the Forgivable Equity Builder Loan. This program allows first-time homebuyers to get up to 10% down payment assistance on the purchase of their first home, and it is a 100% forgivable loan if you live in the property for at least five years.