DOWN PAYMENT ASSISTANCE (DPA)
The Down Payment Assistance (DPA) provides down payment and/or closing costs assistance to low-income households. The maximum DPA loan is 6% of the purchase price, or $10,000, whichever is lesser.
The DPA loan is included with the HOP loan as one 2nd Trust Deed loan at 0% interest with all payments deferred until sale, transfer, refinancing, no longer owner-occupied, or full repayment of the first mortgage.
The County's DPA program is available for existing and new construction properties.
Program funds will be available on Monday, February 8, 2010, on a first-come, first-served basis. Please contact a participating lender to get pre-approved.
Eligibility Requirements
Subordination Requirements
Participating Lenders
Payoff Requirements
Homebuyer Education Seminars
Homeownership Programs
First-Time Homebuyers
Housing Preservation