New program eliminates financial barriers to homeownership for first-time buyers with no equity sharing or repayment obligations.
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A Bold Solution to Homeownership Challenges
HouseAmerica Financial, a market leader in residential mortgage lending, just announced the launch of a $30,000 Down Payment Assistance (DPA) program designed to help first-time homebuyers and real estate professionals address one of the most significant obstacles to homeownership: the cash required for a down payment.
Unlike traditional DPA options, HouseAmerica’s program offers a 100% forgivable loan with no equity sharing, no payments, and no interest accrual. Borrowers are not burdened by additional debt-to-income calculations, and the loan is entirely forgiven after five years, freeing homeowners from repayment obligations and fostering financial stability.
Available across most Southern California counties and select Northern California counties, the program aligns with FHA, Conventional, and HouseAmerica’s exclusive 100% Financing program, which is offered with no mortgage insurance.
A Program Tailored for First-Time Buyers and Agents
HouseAmerica’s program is uniquely different than other DPA programs because it eliminates equity-sharing agreements and repayment requirements, and instead, ensures buyers can focus on building equity and stability in their homes.
“This program is truly groundbreaking for buyers and real estate professionals alike,” said Bill Greene, Executive Director of HouseAmerica Financial. “Unlike other traditional down payment programs that require repayment, this program is completely forgiven after five years. The barrier to homeownership has always been the cash to close. This completely removes that barrier and provides a much easier path to homeownership. HouseAmerica Financial is very excited to be one of the select few mortgage companies in the industry to bring this program to market.”
More details can be found on our designated website for this program: $30K Grant Program Website
A Leader in Mortgage Lending
Since its inception in 2018, HouseAmerica Financial has become a market leader in mortgage lending, assisting over 7,000 families and surpassing $4 billion in loan production. With one of the most extensive selections of programs and options in the industry, HouseAmerica offers a loan solution for practically every loan scenario.
Key Features of the Program
- Forgivable Loan: $30,000 fully forgiven after five years.
- Debt-to-Income Advantage: Does not count against the borrower’s debt-to-income ratio.
- Flexible Loan Options: Works with FHA, Conventional, and 100% Financing programs.
- No Equity Sharing: Borrowers retain full ownership without equity-sharing agreements.
Availability and Launch Details
The program was launched on November 18th and the program is available in the following counties; Contra Costa, Los Angeles, Napa, Orange, Placer, Riverside, Sacramento, San Bernardino, San Diego. San Francisco, San Mateo, Santa Clara.
About HouseAmerica Financial
HouseAmerica Financial is a prominent residential mortgage company, headquartered in La Canada, CA. They are licensed in 14 states and offer complete in-house processing, underwriting, and funding, coupled with the industry leading wholesale investors. The company is led by a veteran of the mortgage industry, Alan Pezeshkian, who possesses over 35 years of experience. With a seasoned team of loan professionals, robust marketing tools, and an unparalleled selection of loan products and programs, HouseAmerica leverages strategic relationships with real estate offices, home builders, accounting professionals, and its network of repeat clientele to generate its business.
Media Contact
Bill Greene
Executive Director
HouseAmerica Financial
Phone: 818-646-2868
Email: bg@houseamericahl.com
Instagram: HouseAmerica Financial
$30K Down Payment Assistance Website
Instagram: $30k Down Payment Assistance
HouseAmerica Financial Website
Contact Info:
Name: Bill Greene
Email: Send Email
Organization: HouseAmerica Financial
Website: http://www.houseamericafinancial.com
Release ID: 89146889
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