Down Payment Assistance Programs

The Down Payment Assistance Programs offered through our office can be used in Shasta County outside of Redding city limits and now includes the city of Anderson and Shasta Lake! 

Funding is limited. Contact our office for current information on the program.

If you are looking for assistance inside the city limits of Redding, please visit their website for information by clicking here

What is the Down Payment Assistance Program?

It provides 0% interest loans to qualified, low-income, first-time home buyers to help with down payment and closing costs.

How much can you borrow?

The loan amount can be up to 40% of the purchase price. The maximum purchase price is $351,000. The borrower must contribute at least 3% of the purchase price to the sale transaction. These funds may be a gift.

Who is eligible?

The program is available to first-time homebuyers who qualify under the income guidelines listed below. First time homebuyer is defined as someone who has not owned a home in 3 years, or who qualifies as a 'displaced home-maker'.

How do I get started?

Start by selecting a mortgage lender and getting a pre-qualification letter. Once you have that get in touch with our office to place your name on the wait list and pick up an application.

For more information on the program, look at the program brochure here