Down Payment Assistance Program

¹The 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 down payment and closing costs. For example, a borrower must contribute $8,000 to qualify for a $32,000 grant. Maximum grant in 2026 is $32,837; max loan amount $832,750. 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, based on the location of the household's residence 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. ²The 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 down payment and closing costs. For example, a borrower must contribute $10,000 to qualify for a $50,000 grant. Maximum grant in 2026 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. ³Income limit applies to person(s) purchasing a home in Santa Barbara County. Other counties have different limits.