Thank you for your interest in our Down Payment Assistance Program. The City of Orange Cove has recently been awarded a CalHOME Grant from the State of California Department of Housing & Community Development. Funds are now available.  Funds are limited and are available on a first-come, first-served basis.

Program Guidelines:

  1. The home may be a single-family residence, condo, or townhome that meets Fannie Mae conventional guidelines and is considered real property.
  2. The home must be free from any substantial health, safety or code issues and/or lead-based paint hazards.
  3. The home must be located within Orange Cove city limits.

Eligibility Criteria:

In order to qualify for the DPA Program, the following must be met:

  1. The home purchased must be your primary place of residence.
  2. You must be able to contribute a minimum of three percent of the purchase price.
  3. Your credit score must meet City-established guidelines.
  4. You cannot have owned a home in the last three years.
  5. You cannot currently own any real property.

Loan Terms:

CalHome funded down payment assistance loans are provided at a zero percent interest. The loans require no monthly payments. Repayment is deferred for 30 years, unless the borrower sells, transfers, refinances or converts the home to a rental property.

Maximum Down Payment Assistance:

The maximum amount of assistance cannot exceed 50% of the sales price.

Maximum Purchase Price:

Existing home – $157,000

New construction – $214,000

Income Limit:

For a household size of 1, maximum household income is $32,450.

For a household size of 2, maximum household income is $37,050.

For a household size of 3, maximum household income is $41,700.

For a household size of 4, maximum household income is $46,300.

For a household size of 5, maximum household income is $50,050.

For a household size of 6,  maximum household income is $53,750.

For a household size of 7, maximum household income is $57,450.

For a household size of 8, maximum household income is $61,150.

Application Process

  1. Select a lender. The lender will pre-qualify you and submit a package to the City for pre-approval.
  2. Attend a HUD-approved homebuyer education class provided by the City of Orange Cove thru Self-Help Enterprises.
  3. Find a home to purchase that meets program and pre-approval requirements after you have been prequalified by the City of Orange Cove for DPA.