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direct (562) 391-6453

 

 MatthewCallahan@Outlook.com

 

 
 
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Program Name

Description

Availability

Los Angeles City LIPA Program

The Low-Income Purchase Assistance Program (LIPA) provides up to $60,000 in down payment assistance in the form of a "silent" second mortgage that requires no monthly payments for 30 years.  The LIPA loan is used in conjunction with a Conventional or FHA first mortgage.  The home buyer must contribute 1% of the home purchase price.  LIPA is available in the City of Los Angeles.  The home purchased must be in excellent condition.  To qualify, the applicant must not have owned a home in the last three years, the applicant's household income must fall within in the low-income range, and the applicant must qualify for a Conventional or FHA first mortgage.

 

Available Now

RNLA

Provides up to $60,000 in down payment assistance to assist in the purchase of rehabilitated bank-owned homes.  Visit www.restoreneighborhoodsla.org for more information. 

 

 Available Now

Los Angeles County HOP

Provides up to $60,000 in down payment assistance to assist low-income households purchase homes located in participating cities and unincorporated areas of LA County. 

 

 Available Now

Mortgage Credit Certificates

Provides a federal income tax credit for first-time home buyers.  The MCC lowers the home owner's federal income tax obligation which increases their buying power.

 

Available Now


California Housing Finance Agency

Provides low interest rate first mortgages and down payment assistance.  Available everywhere in California.

 

Available Now
WISH Program

Matches a borrower's down payment 3 to 1 up to $15,000 in total assistance.  For low-income households.

 

Available Now
CHF Platinum Program

Provides a grant that can be used for the borrower's down payment on an FHA loan.  The grant amount is equal to 3% of the loan amount, so the amount of borrower contribution is only about 0.50% of the purchase price (half percent)

 

Available Now
EOM Mortgage Product
Finance up to 95% of the home purchase price with no mortgage insurance.Available Now
  

 
 

 

gohomela.com

 

Matthew Callahan
Ph: (562) 696-3200  -  Fax: (562) 724-6080
6736 Greenleaf Avenue, Suite 1
Whittier, CA 90601
CA DRE License # 01520035
www.gohomela.com

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