Down Payment Assistance Programs in the Bay Area

Many first-time buyers in the Bay Area are surprised to learn that down payment assistance is available at the state, county, and city level. The CalHFA MyHome Assistance Program offers a deferred-payment junior loan of up to 3.5 percent of the purchase price. The Golden State Finance Authority also provides closing cost and down payment help for income-eligible buyers. Alameda County has its own programs specifically for residents purchasing in cities like Hayward and Oakland. To access these programs you typically need to complete a HUD-approved homebuyer education course. Ask your agent or lender to walk you through every program you may qualify for.