U.S. Bank Access Home Loan - California

U.S. Bank Access Home Loan - California is a grant for homebuyers in California. Assistance funds of up to $8,000 or 3% of purchase price up to $12,500 (whichever is greater) for down payment, closing costs, required repairs or improvements. Available in California. No repayment required. Up to $12,500 in assistance. non-repayable grant. Funding comes from Bank (CRA).

U.S. Bank Access Home Loan - California provides assistance worth 3% of the purchase price, as set by the program. The program asks homebuyers to contribute 3% of purchase price (borrower minimum). The program can be combined with other assistance, subject to the rules of each. Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

U.S. Bank Access Home Loan - California is structured as a grant, so it is not repaid. Repayment is triggered by None (grant). The assistance is recorded in N/A (grant - no lien) position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

U.S. Bank Access Home Loan - 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. Citizenship or immigration status: U.S. citizen, permanent resident alien, or other eligible non-citizen. $12,500 grant for qualifying borrowers in California. Must use US Bank as lender. Income at or below 80% AMI. No repayment required.

U.S. Bank Access Home Loan - California limits household income to 100% of the area median income, which varies by county and household size. Income at or below area median income (no income limit if buying in a low-to-moderate income census tract); FICO 640+ (680 for 2+ units); DTI under 43%; $1,000 minimum borrower contribution; homebuyer course required. 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.

U.S. Bank Access Home Loan - 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.

U.S. Bank Access Home Loan - California serves homebuyers purchasing anywhere in California.

Applications for U.S. Bank Access Home Loan - 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.