City of Napa Down Payment Assistance Program

What is 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.

How much assistance does it provide?

City of Napa Down Payment Assistance Program provides assistance worth 0.3% of the purchase price, as set by the program.

• Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

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.

Who qualifies?

City of Napa Down Payment Assistance Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income 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.

What kind of home can it be used for?

City of Napa Down Payment Assistance Program caps the purchase price at $764,750.

• Eligible property types include Single-family, Condo, Townhouse.

Where does it apply?

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

How do you apply?

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.

1. 1

   Take a homebuyer education course

   Required by the program, through Required - certified homebuyer education program.

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved with the provider and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.