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Guild Mortgage Zero Down Mortgage Program

Statewide, California

Last verified
See what you qualify for
Income limit

120% AMI

Of area median income; varies by county and household size

Repayment

Deferred

No payments until the home is sold or refinanced

What is Guild Mortgage Zero Down Mortgage Program?

Guild Mortgage Zero Down Mortgage Program is a deferred second loan for homebuyers in Statewide, California.

  • $7,500 second-lien DPA. Combined with HomeReady/Home Possible 97% first = 0% effective down payment. Repayable second.
  • Up to $7,500 in DPA structured as second-lien down payment loan + Fannie Mae HomeReady or Freddie Mac Home Possible first mortgage. Total 0% borrower down possible for FTHB at LMI tracts.
  • Funding comes from Guild Mortgage.

Do you have to pay it back?

Guild Mortgage Zero Down Mortgage 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 end of term.
  • 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 Zero Down Mortgage 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 (NAT250036). Restricted to first-time homebuyers at <= 120% AMI in census tracts identified as 'majority-Black or majority-Hispanic.' Pairs with HomeReady or Home Possible.

The program excludes

  • Households above 120% of area median income

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 Zero Down Mortgage Program limits household income to 120% of the area median income, which varies by county and household size.

  • At or below 120% area median income (in eligible majority-Black/Hispanic tracts).
  • 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 Zero Down Mortgage Program can be used for Single-family, Condo, Townhouse.

Where does it apply?

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

  • The program targets specific areas: Majority-Black or majority-Hispanic census tracts.

How do you apply?

Applications for Guild Mortgage Zero Down Mortgage 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.

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