NeighborWorks Sacramento - Down Payment Assistance

NeighborWorks Sacramento - Down Payment Assistance is a deferred second loan for homebuyers in Sacramento County, California. Down payment assistance loans and home loans for individuals/families with low to very low incomes in the Sacramento region. Also provides homebuyer education for city programs (Elk Grove, West Sacramento). Makes homeownership more affordable. no monthly payments on DPA. Funding comes from Non-profit / Federal CalHome.

NeighborWorks Sacramento - Down Payment Assistance 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, transfer, or non-occupancy. The assistance is recorded in Second position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

NeighborWorks Sacramento - Down Payment Assistance is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. On credit, the program states: Contact lender for current credit score requirements. A homebuyer education course is required. Residency requirement: Sacramento area. Citizenship or immigration status: U.S. citizen, permanent resident alien, or other eligible non-citizen.

NeighborWorks Sacramento - Down Payment Assistance limits household income to 80% of the area median income, which varies by county and household size. Low income: household income ≤80% of Area Median Income (AMI). 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.

NeighborWorks Sacramento - Down Payment Assistance caps the purchase price as follows: Contact program for current purchase price limits. Eligible property types include Single-family (1-4 unit), FHA-approved condominium, townhome/PUD. New construction is eligible. Manufactured homes are not eligible.

NeighborWorks Sacramento - Down Payment Assistance serves homebuyers purchasing in Sacramento County, California.

Applications for NeighborWorks Sacramento - Down Payment Assistance 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.