The City of Napa has Down Payment Assistance Program is funded through grant funds received from the State of California's Department of Housing and Community Development. The City's Down Payment assistance is in the form of a silent (deferred) loan. Currently, there are two funding sources available, and their eligibility criteria are listed.
Gross annual income does not exceed 80% of the median income for Napa County, adjusted for family size per HUD. (Income Limit Chart)
City will loan up to $150,000 or 30% of the purchase price, whichever is less
30 year loan, deferred payments for 30 years
1.0% simple interest rate
Funds can be used to purchase homes within the city limits of Napa
Maximum purchase price limit: $523,000
Buyer must have 1% of purchase price as their share of the transaction. (Cannot include seller credits)
Buyer must be able to qualify for a fixed rate mortgage loan, no ARMs allowed
Minimum credit score of 620
Buyers cannot have owned a home within the last three years
Modest Home-maximum 3 bedroom, 2 bath, unless family size requires a larger home
The property must be owner-occupied or vacant at least 90 days prior to the purchase agreement being presented
Home must pass Housing Quality Standards inspection
Loan is a deferred second mortgage behind a first mortgage loan
In light of public health concerns, all workshops have been cancelled.
Opportunities in Napa County
For information on other homeownership programs and opportunities within Napa County, including the Cities of American Canyon, St. Helena, and Calistoga and the Town of Yountville, contact us at 707-257-9254 or by email. Other program requirements and restrictions may be different, depending on funding source and location. Differences include income limits, loan amounts and repayment terms.