Chase Homebuyer Grant - California DDA Areas ($7,500)

Chase Homebuyer Grant - California DDA Areas ($7,500) is a grant for homebuyers in California. Enhanced $7,500 grant for properties in approximately 8,500 eligible communities (majority-Black, Hispanic, or underserved neighborhoods). Funds applied to discount points, closing costs, or down payment. No repayment required. Up to $7,500 in assistance. non-repayable grant. Funding comes from Bank (CRA).

Chase Homebuyer Grant - California DDA Areas ($7,500) offers up to $7,500 in assistance. The program asks homebuyers to contribute 1% of purchase price (borrower minimum). The program can be combined with other assistance, subject to the rules of each. Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Chase Homebuyer Grant - California DDA Areas ($7,500) is structured as a grant, so it is not repaid. Repayment is triggered by None (grant). The assistance is recorded in N/A (grant - no lien) position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Chase Homebuyer Grant - California DDA Areas ($7,500) is open to homebuyers who will live in the home as their primary residence. On credit, the program states: Contact lender for current credit score requirements. Residency requirement: Primary residence in DDA-eligible census tract. Citizenship or immigration status: U.S. citizen, permanent resident alien, or other eligible non-citizen. $7,500 available in DDA (designated deposit account) eligible areas. Income limits apply. Must use Chase as lender.

Chase Homebuyer Grant - California DDA Areas ($7,500) limits household income to 80% of the area median income, which varies by county and household size. Contact program provider for current income limits. The limit applies to total household income, not only the borrower’s. The program lists a maximum household size of 8. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Chase Homebuyer Grant - California DDA Areas ($7,500) caps the purchase price as follows: Contact program for current purchase price limits. Eligible property types include Single-family (1-4 unit), FHA-approved condominium, townhome/PUD. New construction is eligible. Manufactured homes are not eligible.

Chase Homebuyer Grant - California DDA Areas ($7,500) serves homebuyers purchasing anywhere in California.

Applications for Chase Homebuyer Grant - California DDA Areas ($7,500) go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through Lender direct application. 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.