HouseAmerica Financial Launches USD 30,000 Down Payment Assistance Program

New program provides financial support to first-time homebuyers, fostering greater accessibility to homeownership.

La Canada, California, United States, 3rd Jan 2025 – HouseAmerica Financial, a leading residential mortgage lender, has announced the launch of its $30,000 Down Payment Assistance (DPA) program. This initiative is designed to provide financial aid to first-time homebuyers, aiming to enhance accessibility to homeownership and address challenges associated with initial housing costs.

The program is available in select counties across California and is compatible with FHA, Conventional, and HouseAmerica’s proprietary 100% Financing programs. Its structure is tailored to minimize financial barriers for buyers, offering straightforward support without requiring additional loan repayments.

Addressing Financial Barriers to Homeownership

A significant obstacle for many first-time homebuyers is securing the funds needed for a down payment. This program helps bridge that gap by providing financial assistance that remains entirely separate from equity-sharing arrangements or repayment obligations.

Bill Greene, Executive Director of HouseAmerica Financial, remarked, “The lack of sufficient down payment funds prevents many families from accessing homeownership. This program provides an accessible and straightforward solution to help buyers build stability and equity in their homes.”

Key Features of the Program

The $30,000 Down Payment Assistance program offers several benefits to eligible buyers:

• Forgiveness Period: The financial assistance is structured to phase out after five years of homeownership.
• No Impact on Borrower Debt: Assistance does not increase the borrower’s debt-to-income ratio.
• Flexible Use: Compatible with FHA, Conventional, and HouseAmerica’s proprietary 100% Financing programs.
• Full Equity Retention: Homebuyers retain complete ownership equity in their property.

Expanding Opportunities Across California

The program is accessible in multiple California counties, including Los Angeles, Orange, San Diego, and San Francisco. By focusing on these high-cost housing markets, HouseAmerica Financial aims to provide tailored support to buyers navigating the challenges of purchasing in competitive regions.

About HouseAmerica Financial

HouseAmerica Financial, headquartered in La Cañada, California, has been a trusted provider in the residential mortgage market since 2018. The company has funded over $4 billion in loans, helping more than 7,000 families achieve their homeownership goals.

Under the leadership of Alan Pezeshkian, an industry veteran with over 35 years of experience, HouseAmerica Financial continues to innovate through strategic partnerships with real estate professionals and builders. Its diverse loan offerings demonstrate a commitment to addressing the evolving needs of buyers nationwide.

Media Contact

Organization: HouseAmerica Financial

Contact Person: Bill Greene

Website: http://www.houseamericafinancial.com

Email: Send Email

City: La Cañada

State: California

Country: United States

Release Id: 03012520364