HomeFundIt Crowdfunding Down Payment Platform - California

HomeFundIt Crowdfunding Down Payment Platform - California is a grant for homebuyers in California. Only Fannie Mae/Freddie Mac approved crowdfunding platform for down payment. First-time buyers who complete homebuyer education get a $2-to-$1 match on gifts received up to $2,000 (or 1% of purchase price). No income restrictions. Available statewide CA. Up to $2,000 in assistance. Funding comes from Private/Crowdfunding.

HomeFundIt Crowdfunding Down Payment Platform - California is structured as a grant, so it is not repaid. Repayment is triggered by None (grant match). The assistance is recorded in N/A (grant after vesting) position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

HomeFundIt Crowdfunding Down Payment Platform - California 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. A homebuyer education course is required. Residency requirement: Primary residence, single-unit. Citizenship or immigration status: U.S. citizen, permanent resident alien, or other eligible non-citizen.

HomeFundIt Crowdfunding Down Payment Platform - California sets its income limit as follows: 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.

HomeFundIt Crowdfunding Down Payment Platform - California caps the purchase price as follows: Contact program for current purchase price limits. Eligible property types include Single-family (1-2 unit), conventional condominium, townhome, PUD. New construction is eligible. Manufactured homes are not eligible.

HomeFundIt Crowdfunding Down Payment Platform - California serves homebuyers purchasing anywhere in California.

Applications for HomeFundIt Crowdfunding Down Payment Platform - California go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through Contact provider directly; subject to funding availability. 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.