Loan Assistance

Community HousingWorks provides low-cost, down payment and mortgage assistance loans to first-time homebuyers.  If your income falls between the ranges listed on our chart, you may be eligible for these loans.  Click here to see if you qualify.

Even if you do not qualify for our loan programs, you may still take our HomeBuyer Education course and meet with one of our bank partners to discuss your loan options through their programs.

To be eligible for these programs, you must first complete our HomeBuyer Education course.

Our Loan Programs

Cost Assistance Support for Homebuyers (CASH)
This is a down payment and/or closing cost assistance loan with a 3% interest rate. Your first payment will not be due until five years after you receive the loan.

HomeOwnership Opportunity Program (HOOP)
This loan can be added to your first (primary) mortgage to help you buy a house with a higher price than the amount for which your bank approves you.  This second mortgage can be up to 20% of the price of the home you are purchasing.

Home in the Heights
This loan helps you purchase a home in the City Heights area.  To be eligible you must either be currently renting in City Heights or be a teacher, city, police, fire or nonprofit employee working in City Heights. If you are eligible, you could receive a loan of up to $30,000 that you will never have to pay back. You must be at or below 100% AMI to be eligible for this loan.

This loan is offered through a partnership with the City Heights Redevelopment Agency and the City Heights Project Area Committee (PAC)

CalHome
This State-funded program allows you to receive a loan at a low, 3% interest rate.  Your first payment will not be due until thirty years after you receive the loan.