How to get $20,000 down payment assistance for your home purchase

Are there any down payment assistance programs for first-time buyers? Yep... Unlock Up to $20,000 in Home Buying Assistance with this once-in-a-lifetime program!

If you're dreaming of buying a home in Los Angeles or Orange County, there's a new program you need to know about, especially if you've been feeling like the traditional path to homeownership is out of reach.

 Designed to support buyers in minority-driven communities, this program offers unique benefits that set it apart from most down payment assistance programs. Whether you're a first-time buyer or looking to move into a more suitable home for your family, this could be the boost you’ve been waiting for.

💸 What Is this Program?

It's a special home loan grant program created to help qualified buyers purchase a home in select areas, including many neighborhoods across Los Angeles and Orange County. It offers grant funds of up to $20,000, which can be applied toward:

• Your down payment

• Closing costs

• Buying down your mortgage rate for a more affordable monthly payment

• Paying your agent's broker compensation

And here's the best part: you don’t have to pay the grant back.

✅ Program Highlights

• Down payments as low as 3%

• No mortgage insurance required | saving you even more monthly

• Reduced loan origination fees

• Available for purchases or refinancing

• Option to open a checking account with waived monthly fees

• Online credit education and excellent customer support

This program is built to ease the path to homeownership in communities where access to financing has traditionally been more difficult. It's about more than just lending, it’s about empowering people to take that first step toward building long-term wealth through real estate.

🏡 Who’s Eligible?

You may qualify if you meet these basic requirements:

• Purchasing a 1- to 4-unit property that will be your primary residence

• Property is located in a designated market area (including areas in Los Angeles and Orange County)

• Minimum credit score of 660

• Household income falls within area-specific income limits

• Completion of a HUD-approved homebuyer education course

• 30-year fixed-rate loan structure

🎯 Why This Program Matters

The reality is, many down payment assistance programs have strict income caps or credit score requirements that disqualify everyday buyers. This was created to offer flexibility and inclusivity, prioritizing buyers in communities that have historically faced systemic barriers to homeownership.

If you’re planning to buy in or near Los Angeles or Orange County and need help bridging the gap between renting and owning, this program could be your perfect match.

Want to Learn More? Let’s Chat.

If you’re thinking about making a move and want to find out if you qualify for it, or just want to explore your options, I’d love to walk you through it. There’s no pressure, just a friendly conversation and the information you need to make smart decisions.

📩 Send me a message or give me a call to get started. Let's make homeownership happen for you!

Ruben Sanchez

REALTOR® | Team Lead

(714) 656-6325

DRE 02091617 

ΓEA⅃ Brokerage