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Downpayment Assistance Programs for Low-income Qualified First-time Homebuyers

SPLASH (San Pablo Loan Assistance for Sustainable Housing)

The San Pablo Loan Assistance for Sustainable Housing Program (“Program” or “SPLASH”) provides down payment assistance in the form of deferred payment loans, to income-qualified, first-time homebuyers who wish to purchase a home in the incorporated City of San Pablo.
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WISH ( Workforce Initiative Subsidy for Homeownership)

Federal Home Loan Bank (FHLB) of San Francisco's WISH (Workforce Initiative Subsidy for Homeownership) WISH offers first-time homebuyers a matching grant up to $30,806 ($4 for every $1 the homebuyer puts in) toward the purchase of a home. WISH grants are provided to eligible homebuyers through FHLB member institutions, such as Mechanics Bank, with whom San Pablo EDC is partnering to make the grants available.
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CalHFA (MyHome Assistance Program)

The money you put "down" or the down payment on your home loan can be one of the largest hurdles for many first-time homebuyers. That's why CalHFA offers several options for down payment and closing cost assistance. This type of assistance is often called a second or subordinate loan. CalHFA's subordinate loans are "silent seconds", meaning payments on this loan are deferred so you do not have to make a payment on this assistance until your home is sold, refinanced or paid in full. This helps to keep your monthly mortgage payment affordable.
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BMO (Welcome Home Grant Program)

BMO committed $1 million to provide underserved communities assistance to accelerate their path to homeownership. This commitment supports BMO’s Welcome Home Grant Program to further expand in five new markets including Milwaukee, Minneapolis, St. Louis, Indianapolis and SE Wisconsin/NE Illinois (Lake County, IL, Kenosha County, WI).
Launched in Chicago and Phoenix in 2022, the program provides eligible homebuyers in minority communities up to $13,000 in down payment and closing cost assistance.
These grants can also be combined with additional down payment assistance programs to receive up to $25,000 or more. With the help of these programs, homebuyers can contribute as little as $1,000 from their own funds and lock in a 30-year fixed-rate mortgage.
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