Burbank Housing Homeowner Down Payment Assistance Program

Burbank Housing Homeowner Down Payment Assistance Program is a deferred second loan for homebuyers in Multi-County, California. CalHome-funded deferred loan. Deferred payment, low-interest. Burbank Housing administers in Sonoma County. Up to $200,000 (or 40% of purchase price) CalHome down payment assistance for low/moderate-income first-time homebuyers. Sonoma County (and select disaster-displaced households). Funding comes from California HCD CalHome Program.

Burbank Housing Homeowner Down Payment Assistance Program is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off. Repayment is triggered by sale, refinance, or change of primary residence. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Burbank Housing Homeowner Down Payment Assistance Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. A homebuyer education course is required, through Required - HUD-approved (Burbank Housing or partner). Sourced via Homebuyer Wallet (CA260087). Funded via California HCD CalHome NOFA. Sonoma County primary; disaster-displaced moderate-income households also eligible. NOTE: Despite name 'Burbank Housing,' this is a Sonoma County (Santa Rosa) nonprofit, not the City of Burbank in Los Angeles County.

Burbank Housing Homeowner Down Payment Assistance Program limits household income to 1% of the area median income, which varies by county and household size. Low- to moderate-income per California HCD CalHome (up to 120% AMI for disaster-displaced). The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Burbank Housing Homeowner Down Payment Assistance Program can be used for Single-family, Condo, Townhouse.

Burbank Housing Homeowner Down Payment Assistance Program serves homebuyers purchasing in Multi-County, California.

Applications for Burbank Housing Homeowner Down Payment Assistance Program go through the administering agency. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.