City of Napa Down Payment Assistance Program

City of Napa Down Payment Assistance Program is a deferred second loan for homebuyers in Napa, California. Deferred-payment loan; 1% interest accrues; no monthly payments required. Loan due in 30 years OR upon sale, transfer, or non-occupancy. Up to $150,000 or 30% of purchase price (whichever less) deferred-payment loan at 1% interest. No monthly payments. Loan due in 30 years. Funding comes from City of Napa Housing Funds.

City of Napa 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, change of primary residence, or end of 30-year term. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

City of Napa 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 - certified homebuyer education program. Sourced via Homebuyer Wallet (CA260115). Household income must not exceed 80% of Napa County AMI. Property must be located within City of Napa limits.

City of Napa Down Payment Assistance Program sets its income limit as follows: 80% of Napa County AMI, adjusted for family size. Updated annually. 80% of Napa County AMI, adjusted for family size. Updated annually. 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.

City of Napa Down Payment Assistance Program caps the purchase price at $764,750. Eligible property types include Single-family, Condo, Townhouse.

City of Napa Down Payment Assistance Program serves homebuyers purchasing in Napa, California.

Applications for City of Napa Down Payment Assistance Program go through the administering agency, which publishes the current terms and the application steps on its own site. 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.