Down Payment Assistance For Santa Clarita Home Buyers

With prices of Santa Clarita homes having risen quite a bit over the last 8 years, and affordability of housing coming into question, the need for down payment assistance programs from various entities will likely grow. Renting a home has its conveniences, such as flexibility to move quickly if desired, and low barrier to entry, however buying a home is a goal many have in mind.

While you may not qualify for down payment or closing costs assistance programs available, it may be beneficial to make sure. Income limits in higher cost areas such as Los Angeles or nearby cities like Santa Clarita are quite generous, especially if your household size is larger. Also, some programs don’t require that this is your first home purchase.

Some programs offer benefits such as low interest second loans, no-repayment required loans with certain conditions, and even granted funds (free) to down payment and or closing costs.

What can you down payment assistance can you qualify for?

Here’s a short list of some of the more popular programs available in the Los Angeles areas and in California.