Up to $300,000 first time buyer grant
Urban Real Estate
BuyingApril 12, 2026Urban Real Estate Advisory

First-Time Homebuyer Grant & Down Payment Assistance Programs

A practical overview of major homebuyer assistance programs for eligible California and Los Angeles buyers.

  1. California Dream For All

    Best for first-generation homebuyers seeking substantial down payment assistance.

    • Up to 20% of the purchase price or $150,000, whichever is lower
    • Structured as a shared appreciation loan
    • No monthly payment required
    • Repayment occurs upon sale, transfer, refinance, or payoff of the first mortgage
    • Selection is lottery-based due to high demand

    This is one of the most impactful programs available, but also one of the most competitive. Application windows and voucher drawings may open or close based on program funding.

  2. Los Angeles City Programs

    LIPA (Low Income Purchase Assistance)

    • Designed for lower-income households
    • Up to approximately $161,000
    • Covers down payment, closing costs, and acquisition costs
    • 0% interest, deferred payment silent second loan
    • Repayable upon sale, title transfer, first mortgage repayment, or at the end of the loan term

    MIPA (Moderate Income Purchase Assistance)

    • For moderate-income buyers who exceed LIPA thresholds
    • Up to $115,000
    • Deferred loan with no monthly payments
    • Helps bridge financing gaps in higher-cost Los Angeles markets
    • Designed for eligible first-time buyers purchasing in the City of Los Angeles

  3. Los Angeles County Programs - Home Ownership Program (HOP)

    • Available across LA County
    • Up to approximately $85,000–$100,000 or about 20% of purchase price
    • Deferred payment loan
    • No monthly payment required
    • This program is less competitive and often overlooked

  4. CalHFA State Programs

    These programs are often combined with other assistance.

    MyHome Assistance Program

    • Provides approximately 3%-3.5% of the purchase price
    • Can be used for down payment or closing costs
    • Deferred repayment

    CalPLUS with ZIP

    • Covers closing costs through a 0% loan
    • Commonly paired with first mortgage products

  5. Local and City-Based Programs

    Some cities offer additional assistance programs:

    • Montebello: up to approximately $55,000
    • WISH Program: $15,000 grant (forgivable after 5 years)
    • Other cities (e.g., Compton, Inglewood): up to $100,000–$150,000 depending on funding cycles

    These programs vary by location and funding availability

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