California Home Buyer Down Payment Assistance Program (1)

California Home Buyer Down Payment Assistance Program

Gustan Cho Associates are mortgage brokers licensed in 48 states

This BLOG On California Home Buyer Down Payment Assistance Program Was UPDATED And PUBLISHED On February 23rd, 2020

Program Eligibility For California Home Buyer Down Payment Assistance Program:
What is the California Home Buyer Down Payment Assistance Program?
  • Down Payment Assistance program that is available to first time home buyers who are residents of the state of California
  • It is for California Home Buyers who can meet both credit/income requirements and property requirements
  • California has one of the highest home values in the United States
  • Many parts of California has double the home value than the rest of the United States
  • Many first time home buyers have challenges in coming up with the down payment on their home purchase
  • Due to the high values of California homes, the state of California has launched the California Home Buyer Down Payment Assistance Program
  • This program is also known by many as CHDAP

In this article, we will discuss and cover the California Home Buyer Down Payment Assistance Program.

How Can You Qualify For The California Home Buyer Down Payment Assistance Program?

What is the down payment help program for California home buyers

In order to qualify for The California Home Buyer Down Payment Assistance Program, the home buyer needs to be classified as a first time home buyer:

  • CHDAP defines a first time home buyer as a person who has not owned a home for at least three years
  • By not owning a home in the past three years, it means that a person has not ever owned a home
  • This is their first time purchasing a home

Or a person who has owned and lived in a home buyer has sold their home and had no ownership of a home in the past three years.

Definition Of First Time Home Buyers In California

If you are meet the definition of California Housing Finance Authority First Time Home Buyer, you can qualify for two of CalHFA down payment assistance programs:

  • The ECTP and MCC California first time home buyer down payment assistance programs
  • To qualify for the California Home Buyer Down Payment Assistance Program, CalHFA requires to be an owner-occupant home buyer
  • Second homes and investment home property purchases are not allowed
  • Non-Occupant co-borrowers are not allowed under the California Home Buyer Down Payment Assistance Program
  • The California Housing Finance Authority, CalHFA, requires buyers must enroll and complete with a certificate of completion certificate the California home buyer counseling educational course
  • This course is sponsored and available at approved home buyers educational counseling center throughout the state of California
  • To be eligible for this program, borrowers may not exceed the maximum permitted CHDAP income limit requirements mandated by CalHFA
  • CHDAP does provide an income matrix chart with the various mortgage loan programs: VA Loans, USDA Loans, and Fannie/Freddie first mortgage positions

All lending guidelines and overlays of lenders need to be met to qualify for the CHDAP down payment assistance program.

Below Is The County Income Limits Which Depends On The Amount Of People Per Household

California County           One Person      Two People     Three People     Four People            Five People   Six People         Seven People          Eight People 

ALAMEDA             $78,550            $89,750           $101,000            $112,200                 $121,200       $130,150            $139,150                  $148,150

ALPINE                  $71,650             $81,900           $92,150              $102,350                 $110,550       $118,750            $126,950                 $135,150

AMADOR               $58,150            $66,400           $74,750              $83,050                   $89,700         $96,350             $103,000                $109,650

BUTTE                    $49,300           $56,350           $63,400              $70,450                   $76,100          $81,700             $87,350                   $93,000

CALAVERAS         $58,550            $66,900           $75,300               $83,650                  $90,350         $97,000            $103,750                  $110,450

COLUSA                 $48,650            $55,600           $62,550              $69,500                  $75,050          $80,600           $86,150                     $91,750

CONTRA COSTA $78,550             $89,750            $101,000            $112,200                $121,200        $130,150           $139,150                   $148,150

DEL NORTE         $48,650            $55,600            $62,550              $69,500                  $75,050          $80,600           $86,150                     $91,750

EL DORADO         $63,950            $73,050            $82,200             $91,300                   $98,650          $105,950          $113,250                   $120,600

FRESNO                $48,650             $55,600           $62,550              $69,500                   $75,050          $80,600            $86,150                    $91,750

GLENN                  $48,650             $55,600           $62,550              $69,500                   $75,050          $80,600            $86,150                    $91,750

HUMBOLDT        $48,650             $55,600           $62,550              $69,500                   $75,050          $80,600             $86,150                   $91,750

IMPERIAL            $48,650             $55,600           $62,550              $69,500                   $75,050          $80,600            $86,150                    $91,750

INYO                      $55,300             $63,150            $71,100               $78,950                   $85,300          $91,600            $97,950                    $104,250

KERN                     $48,650            $55,600            $62,550              $69,500                   $75,050          $80,600            $86,150                     $91,750

KINGS                    $48,650            $55,600            $62,550              $69,500                   $75,050          $80,600            $86,150                     $91,750

LAKE                      $48,650            $55,600            $62,550              $69,500                   $75,050           $80,600           $86,150                    $91,750

LASSEN                 $56,100             $64,100             $72,150             $80,150                    $86,600          $93,000            $99,400                   $105,850

LOS ANGELES     $54,450            $62,200             $70,000            $77,750                    $84,000          $90,200            $96,450                   $102,700

MADERA               $48,650            $55,600             $62,550             $69,500                   $75,050           $80,600           $86,150                    $91,750

MARIN                   $86,550            $98,850             $111,250            $123,600                 $133,500         $143,400          $153,300                 $163,200

MARIPOSA            $51,500            $58,850             $66,200            $73,550                    $79,450           $85,350            $91,250                    $97,150

MENDOCINO       $48,650            $55,600             $62,550             $69,500                   $75,050           $80,600           $86,150                    $91,750

MERCED                $48,650            $55,600             $62,550             $69,500                  $75,050            $80,600          $86,150                     $91,750

MODOC                  $48,650            $55,600             $62,550             $69,500                  $75,050            $80,600          $86,150                     $91,750

MONO                     $66,850            $76,400             $86,000            $95,500                  $103,200         $110,800          $118,450                  $126,150

MONTEREY           $57,700            $65,950             $74,200             $82,450                  $89,050           $95,650            $102,250                 $108,850

NAPA                       $72,350            $82,650             $93,000            $103,300                 $111,600          $119,850          $128,150                  $136,450

NEVADA                 $61,000           $69,700              $78,400            $87,100                   $94,100           $101,050          $108,050                 $115,050

ORANGE                  $73,250          $83,700              $94,200            $104,650                $113,050          $121,400          $129,750                  $138,150

PLACER                    $63,950          $73,050             $82,200             $91,300                  $98,650           $105,950          $113,250                  $120,600

PLUMAS                   $52,100          $59,500             $66,950             $74,400                  $80,350           $86,300           $92,250                    $98,250

RIVERSIDE             $54,600          $62,400             $70,200             $78,000                 $84,250            $90,500           $96,750                   $103,000

SACRAMENTO      $63,950           $73,050             $82,200             $91,300                  $98,650            $105,950          $113,250                 $120,600

SAN BENITO          $68,150           $77,850             $87,600              $97,300                 $105,150           $112,900          $120,700                 $128,500

SAN BERNARDINO $54,600       $62,400             $70,200             $78,000                 $84,250            $90,500           $96,750                    $103,000

SAN DIEGO             $63,750          $72,850              $82,000             $91,100                  $98,400           $105,650          $112,950                  $120,250

SAN FRANCISCO  $86,550          $98,850              $111,250             $123,600               $133,500          $143,400          $153,300                 $163,200

SAN JOAQUIN       $55,700          $63,650              $71,600              $79,550                  $85,950            $92,300            $98,650                  $105,050

SAN LUIS OBISPO $63,350         $72,400              $81,450              $90,500                 $97,750             $104,950          $112,200                $119,450

SAN MATEO           $86,550          $98,850             $111,250             $123,600                $133,500          $143,400          $153,300                $163,200

SANTA BARBARA $61,600          $70,350              $79,200             $87,950                  $95,000            $102,050          $109,100                $116,150

SANTA CLARA        $88,650        $101,250             $113,950            $126,600                $136,750           $146,850          $157,000                $167,150

SANTA CRUZ          $73,100         $83,500              $94,000             $104,400                $112,750           $121,100           $129,500                $137,850

SHASTA                     $49,550       $56,650              $63,750               $70,800                 $76,500            $82,150             $87,800                  $93,500

SIERRA                      $60,650       $69,300              $78,000              $86,650                 $93,600            $100,500          $107,450                $114,400

SISKIYOU                  $48,650       $55,600              $62,550               $69,500                $75,050             $80,600            $86,150                  $91,750

SOLANO                    $69,400        $79,300             $89,250               $99,100                 $107,050          $115,000           $122,950                $130,900

SONOMA                   $69,400        $79,300             $89,250               $99,100                 $107,050          $115,000           $122,950                $130,900

STANISLAUS           $52,100         $59,500             $66,950                $74,400                 $80,350            $86,300            $92,250                  $98,250

SUTTER                     $49,900        $57,000             $64,150                $71,300                 $77,000            $82,700            $88,400                  $94,100

TEHAMA                   $48,650        $55,600              $62,550               $69,500                 $75,050            $80,600           $86,150                   $91,750

TRINITY                    $48,650        $55,600              $62,550               $69,500                 $75,050            $80,600           $86,150                   $91,750

TULARE                    $48,650         $55,600              $62,550               $69,500                $75,050            $80,600            $86,150                  $91,750

TUOLUMNE             $56,050         $64,000             $72,050               $80,050                $86,450           $92,850            $99,250                  $105,700

VENTURA                 $75,000         $85,700             $96,450               $107,150                $115,750          $124,300          $132,900                $141,500

YOLO                          $64,600         $73,800             $83,050              $92,300                 $99,700           $107,050          $114,450                 $121,850

YUBA                          $49,900         $57,000             $64,150               $71,300                  $77,000           $82,700            $88,400                 $94,100

Property Eligibility Requirements On California Home Buyer Down Payment Assistance Program

What are the requirements for the qualification of real estate in the advance payment assistance program for California home buyers?

The sales price of the property cannot be higher than California Housing Finance Authority maximum sales price caps which is established for the county.

  • The subject property needs to be an owner-occupied property
  • Second homes and investment homes are not eligible
  • Only detached single-family homes, condominium units that are approved, and approved PUDs are eligible
  • Condominium units need to comply with all first mortgage lender’s requirements
  • Guest Homes, as well as in-law housing units, may qualify
  • Manufactured homes are eligible
  • This only holds true if the first lien position is secured by an FHA Loans and the home passes appraisal and meets all HUD Guidelines
  • The maximum property lot size is capped at five acres
  • Properties on leaseholds, land trusts, and co-ops do not qualify

Contact Us For More Information On California Home Buyer Down Payment Assistance Program 

The Team at Gustan Cho Associates helps homebuyers with down payment assistance information nationwide. Borrowers who need more information on down payment assistance information in California or any other state in the nation, please contact us at Gustan Cho Associates at gcho@gustancho.com or call 800-900-8569. Text us for a faster response. Or email us at gcho@gustancho.com.

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