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First Time Home Buyer Grants

California First Time Home Buyer Grants are worth your review! Find the most home mortgage grants, programs and other down payment assistance available in California here.

Purchasing a home in any state is an exciting prospect! Exciting and sometimes daunting!

However, don't let yourself become overwhelmed with the process.

It is my plan to give you some useful information in this article about home mortgage grants which will help you with this exciting and much sought after venture.

If you would like help navigating the home buying process, which includes finding a grant; searching for that perfect home or even selecting the right mortgage, click here and fill out the questionnaire for some free coaching and let's get this process started!

California Grants for Home Buying

To begin with, unfortunately, the State of California does not offer a California first time home buyer grant program for its residents.

california first time home buyer grants

But they do have some awesome down payment assistance programs. One is called the "My Home Assistance Program." This is a deferred payment loan, which means you can put off making the payments for a time. The loan amount can only be used for the down payment and closing costs and can be up to 3.5% of the purchase price of the house. There are other requirements and limitations, but is worth seeing if you qualify.

Another one is called the "Extra Credit Teacher Home Purchase Program (ECTC)." A cute title, since teachers offer extra credit to their students. Only those who work in K-12 public schools, charter schools, or county/continuation schools can use this program. That means anyone who works in the schools, like a janitor or someone in the cafeteria may benefit from this awesome option. Of course there are requirements and limitations to meet so do your homework.

Plus California offers a "Mortgage Credit Certificate Tax Credit Program (MCC)." This allows first time home buyers to take a portion of the interest they pay on the mortgage as a tax credit. This is awesome savings on your taxes. 

There is even a savings program called the "Individual Development Accounts (IDA)." It is a special savings account. How it works is you put money into the account and certain non-profits and banks match what you put in. This allows you to have help saving money for the down payment and closing costs. Depending on the organization, some have matched 3 to 1, in other words for every dollar you put in they put in three dollars. Amazing opportunity for help, once again there are requirements and limitations you must consider to qualify.

If you would like to learn more about these programs, you can check them out by clicking here.

It is important to note that there is a plethora of local first time home buyer grant programs available from specific counties and organizations in California. So be sure to check out the specific county your looking to buy in for any available programs to assist you.

Federal Home Mortgage Grants

However, the good news is that the federal government does offer grant assistance for first time home buyers in California. This program is maintained by the United States Department of Housing and Urban Development and is called the Homes and Communities program.

Their website contains useful information and applications. The website for the grant program maintained by the United States Department of Housing and Urban Development can be visited by using this link, HUD Grant Information.

Additional Down Payment Assistance, Grants and Programs

Another website I would recommend that you view is Visit the Government Grants. This website offers a list of all federal government grant programs. It would be a good idea to take some time and browse through this site to see what it offers and the qualifications for application.

Now you know about assistance programs for your state. You still need a mortgage that works with them. Finding a lender who understands your needs can be difficult.

The FHA loan products are very flexible and work well with other assistance programs. Would you like to know where you stand with their requirements? Learn what those requirements are by clicking here.

If you need help estimating your mortgage closing costs, check out this FREE closing costs calculator by clicking here.

Perhaps a grant is not available in your state. Or you do not qualify for one. Don't get discouraged. If you still want to save money, check out this page that discusses the zero down payment program.

Would you like to know what type of loans are available? Visit our Home Mortgage Information page for tons of information on all kinds of loans. Learn about FHA, VA, and various other types of options.

So have you found a home? Are you thinking about getting qualified for a mortgage? Maybe you want to visit our page on how to qualify for a mortgage.

Would you like some help? Perhaps a personal coach to guide you through the process is what you're looking for. For free coaching, fill out the questionnaire here. Then you will be contacted and offered the assistance you seek.

More California First Time Home Buyer Grants Support

Thank you for visiting our website for first time home buyers. Below you'll find more information to help you with grants for housing.

Click here for additional information on California First Time Home Buyer Grants.

This link will take you to the HUD website and you will see a map of the USA. Click on your state and then you'll find a list of the local counseling agencies in your own area.

Please tell others about this FREE information. Everybody else on the web charges for this kind of stuff!!

Leave California First Time Home Buyer Grants and return to the State Lists main page.

Go to House Buyer Solutions Home Page.

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