$115,000 Down Payment Assistance in Los Angeles

Saving for a down payment is one of the biggest hurdles first-time homebuyers face in purchasing a home! Have no fear... down payment assistance programs can help. There is a limited-time program available called the Moderate Income Purchase Assistance (MIPA) program through the City of Los Angeles that is opening reservations for a limited number of loans (21), opening on May 28, 2025 but DO NOT WAIT. You must get pre-approved, start shopping, putting in offers and then have an accepted offer on a home by May 27, 2025.

Eligibility Requirements

• First-time homebuyer

• Total household income within maximum program limits

• 1-unit properties such as single family homes, condos, and townhomes

• Property must be located in the City of Los Angeles

MIPA Program Features

• Loan of up to $115,000 for down payment, closing costs, and additional purchase assistance

• Deferred payment (no monthly payments)

• Shared Appreciation

• Zero percent interest

Do you have questions about this program and the process of buying a home? Reach out to us today and we will explain everything!  We look forward to hearing from you.

Please share with anyone you know who could benefit, and reach out to us for more details.