First-time home buyer programs in Sacramento
2 programs run by local housing agencies help buyers in Sacramento with the down payment, and the statewide California programs work here too.
- Programs offered locally
- 2
- Highest amount
- $50,000
- Loan or grant
- A deferred loan
Down payment help in Sacramento
| Program | Amount | Loan or grant | Income limit | First-time buyers only |
|---|---|---|---|---|
| PLHA First-Time Homebuyer Mortgage Assistance Program. Sacramento Housing and Redevelopment Agency runs it. | Up to $50,000 | A deferred loan | Your household income must be 80% of area median income or less. | Yes |
| CalHome First-Time Homebuyer Mortgage Assistance Program. Sacramento Housing and Redevelopment Agency runs it. | Up to $40,000 | A deferred loan | Your household income must be 80% of area median income or less. | Yes |
Who qualifies under PLHA First-Time Homebuyer Mortgage Assistance Program?
- Within the City and County of Sacramento, single family homes include condominiums and half-plexes.
- Your household income must be 80% of area median income or less.
- You have to be buying a home for the first time.
- The loan must be at least $10,000.
- Classes on homebuyer education.
- You have to live in the home.
- PLHA credit underwriting guidelines must be met.
This 30-year loan defers payments and charges 1% simple interest. You owe the principal and interest upon selling or transferring the home, if you stop living in it, or at maturity.
You pay nothing each month for a deferred loan, but you must repay the full amount when you sell, refinance or repay the first mortgage.
The process goes through an SHRA approved lender. Read the complete rules at Sacramento Housing and Redevelopment Agency's page for PLHA First-Time Homebuyer Mortgage Assistance Program.
Who can qualify for CalHome First-Time Homebuyer Mortgage Assistance Program?
- The program covers eligible areas, which are qualified census tracts, in the City and unincorporated County of Sacramento.
- Your household income must be 80% of area median income or less.
- You have to be buying a home for the first time.
- The loan must be at least $10,000.
- In Sacramento County, the sales price can't exceed the current median sales price for single family homes.
- Classes on homebuyer education.
- You have to live in the home.
This 30-year loan defers payments and charges 3% simple interest. You owe the principal and interest upon selling or transferring the home, if you stop living in it, or at maturity.
The process goes through an SHRA approved lender. Read the complete rules at Sacramento Housing and Redevelopment Agency's page for CalHome First-Time Homebuyer Mortgage Assistance Program.
You can use California's statewide programs in Sacramento
| Program | Amount | Loan or grant |
|---|---|---|
| CalHFA MyHome Assistance Program | Up to 3.5% of the price or value | A deferred loan |
| CalHFA Zero Interest Program (ZIP) | Up to 3% of the home loan | A deferred loan |
| CalHFA MyAccess | Up to 2.5% of the home loan | A deferred loan |
The programs from California Housing Finance Agency include all California first-time home buyer programs. The income figure for Sacramento County appears in our HUD income limits lookup.
Ask a lender about a purchase in Sacramento
Tell us where you're buying and a lender that works with California's programs can tell you which of these fit you, and which you can combine.
Prefer not to call? If you send your details, the lender will contact you.