1. City of Los Angeles $90,000 LIPA Program - LIPA funds can be used for both down payment and closing costs. Max purchase price of $973,750 on a SFR and $593,750 on Condos.
2. City of Los Angeles $75,000 MIPA Program - MIPA funds can be used for both down payment and closing costs. No Purchase Price Limit. Moderate income limits.
3. County of Los Angeles $85,000 HOP Program - HOP funds can be used for both down payment and closing costs. Max purchase price of $585,000 on a SFR and Condos (Available in July)
4. GSFA Grant/Loan Programs - Can be used throughout the State of California - with a 3% to 7% grant/loan that can be combined with a Conventional, FHA and VA Loan.
5. CALHFA Programs - Available throughout the State of California - Can be used with both Conventional, FHA Loans and VA Loans. Assistance can be used for down payment and closing costs.
6. CALHFA’s New Equity Builder Loan Program - Gives up to 10% for down payment and closing costs and forgivable after 5 years of living in the home.