How much savings do I need to buy one of HHP’s homes? Do you help me with my down payment?

You will need to have funds available for your down payment and to pay some of the closing costs associated with your home purchase. Typically, you need to put down five percent (5%) of the affordable sales price, plus have another three percent (3%) available for closing costs. For most of HHP’s projects, the total available funds you might need are in the range of $15,000 to $30,000.

If you need assistance with your down payment or closing costs, you might consider applying for one of CalHFA’s downpayment assistance loans. You can learn more at www.calhfa.ca.gov. Please note that these loans are not compatible with all of HHP’s homeownership opportunities.