NACA Purchase Program - California

NACA Purchase Program - California is a deferred second loan for homebuyers in California. No down payment, no closing costs, no PMI, no fees, below-market fixed rate mortgage. Not a traditional DPA — the entire program overcomes down-payment barrier through no-down structure. CA offices in Hawthorne (LA area). 2025 high-cost area purchase limit $822,375. Extensive counseling required. no monthly payments on DPA. Funding comes from Non-profit / CRA bank commitments.

NACA Purchase Program - California 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, transfer of title, or end of owner-occupancy. The assistance is recorded in 2nd lien position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

NACA Purchase Program - 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; income-based (low/moderate income focus). Citizenship or immigration status: U.S. citizen, permanent resident alien, or other eligible non-citizen. No down payment, no closing costs, no fees, below-market rate. Must attend free NACA homebuyer workshop. Extensive counseling process (avg. 6-12 months). Credit score not the primary qualifier — payment history emphasized. Must commit to owner-occupancy.

NACA Purchase Program - 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.

NACA Purchase Program - California caps the purchase price at $822,375. Eligible property types include Single-family (1-2 unit), conventional condominium, townhome, PUD. New construction is eligible. Manufactured homes are not eligible.

NACA Purchase Program - California serves homebuyers purchasing anywhere in California.

Applications for NACA Purchase Program - 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.