County Employee Down Payment Assistance
SLO County and many more!
Up to 5.5% down payment assistance without interest or payments!
Most down payment assistance has some downside, NOT the Assist to Own down payment assistance for County employees. Get your down payment and even cover your closing costs with a program only available to county workers. The down payment assistance is only repaid if you sell or pay off your first mortgage. The balance does not grow and no payments are required!
What Counties have the program?
San Luis Obispo, Santa Barbara, Alpine, Amador, Butte, Calaveras, Colusa, Del Norte, El Dorado, Glenn, Humboldt, Imperial, Inyo, Kings, Lake, Lassen, Madera, Mariposa, Mendocino, Merced, Modoc, Mono, Monterey, Napa, Nevada, Placer, Plumas, San Benito, Shasta, Sierra, Siskiyou, Solano, Sutter, Tehama, Trinity, Tulare, Tuolumne, Yolo, and Yuba counties.
You don’t have to buy in these counties, you just need to be an employee of the above counties.
Program Specifics
3.5% of purchase price in down payment assistance
Up to 2% towards closing costs (optional)
Pairs with a Conventional, FHA, VA, or USDA first mortgage
640+ FICO Required
Single family homes, condos, townhomes, and manufactured homes allowed.
Down payment assistance term - 15 years (no paymants, growth or interest generated)
Only due and repayed upon sale, refinance or payoff of the first mortgage.
