Home Buying in San Mateo>Question Details

Victor Espin…, Home Buyer in Pittsburgh, PA

Anyone know of any Down payment assistance program for peninsula side in bay area California. First time home buyers.

Asked by Victor Espinoza, Pittsburgh, PA Tue Apr 2, 2013

Hi I am looking to buy a home and put as little as possible to put down is there any dpa programs ou there. My wife and I will be the buyers I have 625 score and she has 720. We both make together about 77K a year and only have a car loan for 22K can anyone help me.

Help the community by answering this question:


There is a little known program in California for down payment assistance. This loan sounds like it might fit your loan scenario the way you've described it in your posting.

If you fit within certain financial peramaters you will qualify for a 2nd loan that does not have regular monthly payments. This loan will cover just about all of the 3.5% that an FHA loan will not cover.

Depeding on you income and if the funds are currently available this may be a good solution for you.

I'm not sure that this forum will allow me to post a link to the specifics of the program I am referring to. So if you email me directly I will send you everything you will need in order to see if you qualify and make a well informed decision if it will work for you and your family.

I hope this helps you.

- Jason Wheeler
0 votes Thank Flag Link Sun Sep 21, 2014
Here is the link to the San Mateo County Heart loan Program.
it requires only 5% down. It is the best program going. Not well known. Only one lender can do it.
I will say as a low down payment buyer you will have to be very persistent in finding a home where the seller will accept your offer. I just got one accepted after 3 tries.
Once you get approved please give me a call at 877-Lee-Sells (877-533-7355) http://www.leesellsmore.com
Good Luck
0 votes Thank Flag Link Tue May 28, 2013
Hi Victor,
San Mateo County is offering Buyer's an opportunity through their HEARTS program. Look into it, I think it may help you get you foot in the door.

0 votes Thank Flag Link Tue Apr 2, 2013
Check out "rural development loans". It's kinda like a VA or FHA, but even more difficult to get, but they do provide down payment assistance among many other things. It may only work along the coast or in the La Honda area though, due to the sheer demand in the entry level market everywhere else.

0 votes Thank Flag Link Tue Apr 2, 2013
Check the first time home buying programs on San Mateo County Department of Housing website http://www.co.sanmateo.ca.us/portal/site/housingdepartment

0 votes Thank Flag Link Tue Apr 2, 2013
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