hey prescott.
See what you qualify for

Guild Mortgage 1% Down Program

Statewide, California

Last verified
See what you qualify for
Assistance

0.02%

Of the purchase price, as the program sets it

Repayment

Grant

Not repaid

What is Guild Mortgage 1% Down Program?

Guild Mortgage 1% Down Program is a grant for homebuyers in Statewide, California.

  • 1% borrower + 2% Guild grant = 3% down. Conventional product. HomeReady / Home Possible compatible.
  • Borrower 1% down + Guild contributes 2% = 3% effective conventional down payment. Pairs with Fannie Mae HomeReady or Freddie Mac Home Possible.
  • Funding comes from Guild Mortgage.

How much assistance does it provide?

Guild Mortgage 1% Down Program provides assistance worth 0.02% of the purchase price, as set by the program.

  • The program asks buyers to contribute 1% borrower personal funds.
  • Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

Guild Mortgage 1% Down Program is structured as a grant, so it is not repaid.

  • Repayment is triggered by none (grant).
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Guild Mortgage 1% Down Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — the program sets its own definition
  • The home is occupied as a primary residence
  • A completed homebuyer education course, through Required - HUD-approved
  • Sourced via Homebuyer Wallet (NAT250043). Must be first-time homebuyer at <= 80% AMI. Property must be primary residence. Pairs with HomeReady or Home Possible.

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

Guild Mortgage 1% Down Program sets its income limit as follows: At or below 80% area median income.

  • The limit applies to total household income, not only the borrower&rsquo;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?

Guild Mortgage 1% Down Program can be used for Single-family, Condo, Townhouse.

Where does it apply?

Guild Mortgage 1% Down Program serves buyers purchasing in Statewide, California.

How do you apply?

Applications for Guild Mortgage 1% Down Program go through the administering agency.

  1. Take a homebuyer education course

    Required by the program, through Required - HUD-approved.

  2. Contact the administering agency to reserve funds

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

  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.

Other programs in Statewide, California

See every program in Statewide, California →

90-second match

Not sure which you qualify for?

Answer 9 questions and we'll match you to every program you can actually use — in about 90 seconds. No SSN, no credit pull.

Find my programs