Downpayment Assistance & Other Affordable Homeownership Programs

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Meet one-on-one with a housing counselor to discuss your rental or purchasing goals and get application assistance. Interpretation services will be provided. Email [email protected] to schedule an appointment.

Necesita más ayuda? Hable con un consejero de vivienda para discutir sus metas de alquiler o compra y obtenga asistencia con su solicitud. Se proporcionarán servicios de interpretación. Escribanos al correo electrónico [email protected]para programar una cita.

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找出如何符合可負擔城市租屋或購屋計劃的資格和申請方法!認識租客基本知識、申請方法、業主—租客關係及其他更多資訊!需要更多協助嗎?您可與房屋顧問面對面商討您的租屋或購屋目標並尋求申請協助。將會提供口譯服務。請發電郵至[email protected].以便安排預約。

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Need Help?

Need more help? Meet one-on-one with a housing counselor to discuss your rental or purchasing goals and get application assistance. Interpretation services will be provided.

Email: [email protected]

Phone: (415) 202-5464

Location:
275 5th St. Suite 315
San Francisco, CA 94103

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Downpayment Assistance & Other Affordable Homeownership Programs

Special programs are generally used in conjunction with traditional first mortgage loans, and therefore, subject to your ability to qualify for a first mortgage loan.

 

Downpayment Assistance Programs

Downpayment assistance programs refer to loans or grants that help cover the down payment and/or closing costs associated with buying a home.  There are a number of Downpayment assistance programs available depending on your income, the type of home you’re buying and other factors. 

The majority of mortgage assistance programs offer low-interest, deferred payment junior loans with shared appreciation upon resale of the property.

The San Francisco Mayor’s Office of Housing and Community Development offers the following programs to assist you in the purchase of a first home in San Francisco.

  • BMR-DALP Downpayment Assistance Program – A downpayment loan program for first time home buyers purchasing a Below Market Rate unit that requires no monthly payment and accrues no interest. Loan maximum up to $57,000, based on need, for households earning up to 120% AMI
  • First Responders Downpayment Assistance Loan Program (FRDALP) – Provides downpayment assistance loans to active uniformed, sworn members of the San Francisco Police Department (SFPD), San Francisco Fire Department (SFFD) and San Francisco Sheriff’s Department (SFSD) to purchase their first home in the City and County of San Francisco.
  • Downpayment Assistance Loan Program (DALP) – A loan program for low to moderate income first time homebuyers purchasing a market rate single family home in San francisco. DALP is a silent second loan that requires no payments for 30 years.
  • City Second Loan Program – A loan program for eligible first time homebuyers purchasing a home within specific developments that has no interest and deferred payment. This loan sits in second position on title after the first mortgage and can be repaid at any time without penalty.
  • Teacher Next Door Program (TND) – A loan program to assist teachers employed with the San Francisco Unified School District in purchasing a first home in San Francisco. This loan is forgiven after 10 years provided all program requirements are met. Can be used in the purchase of a BMR unit.
  • Mortgage Credit Certificate Program (MCC) – A program to assist first time homebuyers in San Francisco. An MCC assists eligible homebuyers in their ability to qualify for a mortgage loan and reduce thier effective mortgage interest rate. Can be used in the purchase of a BMR unit.

CalHFA offers a variety of dowpayment assistance programs to help you purchase a home in California.

  • MyHome Assistance Program Offers a deferred-payment junior loan of an amount up to the lesser of three and half percent (3.5%) of the purchase price or appraised value to assist with down payment and/or closing costs.
  • Extra Credit Teacher Home Purchase Program (ECTP) This program is for teachers, administrators, school district employees and staff members working for any California K-12 public school, which includes Charter schools and county/continuation schools. Applicants must also be first-time homebuyers. Offers a deferred-payment junior loan of an amount not to exceed the greater of $7,500 or 3.5% of the sales price or in CalHFA-defined high cost areas an amount not to exceed the greater of $15,000 or 3.5% of the sales price. Assistance can be used for down payment and/or closing costs.

 

Other Affordable Homeownership Opportunities

Affordable Homeownership Programs refer to homes (generally condos) that are priced to be affordable to households earning anywhere from about 60% to about 120% of the city’s median income. 

The San Francisco Mayor’s Office of Housing and Community Development Below Market Rate (“BMR”) Inclusionary Housing Program requires some developers to sell or rent units in new developments at a “below market rate” price that is affordable to middle income households

Habitat for Humanity Greater San Francisco offers homes  at no profit with 0 percent interest and $ 0 down payment. Approved homeowners qualify for a monthly housing payment (mortgage, property tax, insurance, HOA fee if applicable) equal to 30% of their monthly income. Since 1989, they have built more than 200 homes in San Francisco, Marin, and San Mateo Counties.

The San Francisco Community Land Trust creates permanently affordable, resident-controlled housing for low- to moderate-income people in San Francisco through community ownership of the land.

CalHFA offers a variety of loan programs to help you purchase a home in California.

  • CalHFA Conventional Loan Program The CalHFA Conventional program is a first mortgage loan insured through private mortgage insurance on the conventional market. The interest rate on the CalHFA Conventional is fixed throughout the 30-year term.
  • CalPLUS Conventional Loan Program The CalPLUS Conventional program is a conventional first mortgage with a slightly higher fixed interest rate than our standard conventional program. This loan is fully amortized for a 30-year term and is combined with the CalHFA Zero Interest Program (ZIP) for closing costs.
  • CalHFA FHA Loan Program The CalHFA FHA program is an FHA-insured loan featuring a CalHFA fixed interest rate first mortgage. This loan is fully amortized for a 30-year term.
  • CalPLUS FHA Loan Program The CalPLUS FHA program is an FHA-insured first mortgage with a slightly higher fixed interest rate than our standard FHA program. This loan is fully amortized for a 30-year term and is combined with the CalHFA Zero Interest Program (ZIP) for closing costs.
  • Cal-EEM + Grant Program The Cal-EEM + Grant program combines an FHA-insured Energy Efficient Mortgage first mortgage loan with an additional Cal-EEM Grant, making energy efficient improvements even easier. The interest rate on the Cal-EEM is fixed throughout the 30-year term.

Disclaimer

The information provided on this website is for educational purposes only. General information on program qualifications is provided; however, a program’s administrator will have the final determination on your eligibility for that program.