Down Payment Assistance Program
First-time homebuyer? You may be eligible for a down payment grant.
DON'T MISS OUT! If you want to buy a home in California and have not owned a home in the last 3 years, you may qualify for a down payment assistance program:
| WISH Program* | Middle Income Program** |
|---|---|
| Grant up to $29,172 | Grant up to $50,000 |
| Households at or below 80% Area Median Income (AMI) | Households between 80.01% and 140% of AMI |
| Household income up to $143,000*** | Household income up to $250,320*** |
| (All funds in this program have been allocated. Program will receive new funding in 2024. Check back with us in April 2024.) |
KeyPoint can help make your dream of home ownership a reality!
*The Workforce Initiative Subsidy for Homeownership (WISH) is a First-Time Homebuyer Program that offers matching grants to qualified first-time homebuyers. Program provides a one-time 4:1 match of the borrower's contribution towards downpayment and closing costs. For example, a borrower must contribute $7,250 to qualify for a $29,000 grant. Maximum grant in 2023 is $29,172. Borrower contribution can come from household savings and/or gift funds. Other grants and/or credit/concessions from a party of the transaction are not considered homebuyer contribution. Must be first-time homebuyer according to FHLB definition and restricted to households at or below 80% Area Median Income. To be eligible, participant must complete a homebuyer counseling program provided by an experienced organization. Grant may be forgiven after five years of occupancy. **The Middle Income Down Payment Assistance Program (MDPA) is a First-Time Homebuyer Program that offers matching grants to qualified first-time homebuyers. Program provides a one-time 5:1 match of the borrower's contribution towards downpayment and closing costs. For example, a borrower must contribute $10,000 to qualify for a $50,000 grant. Maximum grant in 2023 is $50,000. Borrower contribution can come from household savings and/or gift funds. Other grants and/or credit/concessions from a party of the transaction are not considered homebuyer contribution. Must be first-time homebuyer according to FHLB definition and restricted to households with earnings between 80.01% up to 140% of Area Median Income, based on the location of the property to be purchased and adjusted for household size. To be eligible, participant must occupy property as a primary residence and complete a homebuyer counseling program provided by an experienced organization. Grant may be forgiven after five years of occupancy. ***Income limit applies to person(s) purchasing a home in Santa Clara County. Other counties have different limits.