What is the Down Payment Assistance Program?
Shasta County Housing and Community Action Programs provides 0% interest
loans to qualified low-income, first-time home buyers to help with
their down payment and closing costs. The program is available in the
unincorporated area of Shasta County.
How much can you borrow?
The loan amount can be up to 37% of the purchase price. At the maximum
purchase price of $180,000, the DAP loan could be as much as
$60,000. The borrower must contribute at least 3% of the purchase
price to the sale transaction. This may be a gift.
Who is eligible?
The program is available to first-time home buyers, who qualify under
the following income guidelines. Gross household income must be below
A first-time home buyer is someone who has not owned a home in the last 3 years, or who qualifies as a "displaced home-maker".
|Household Size ||Annual Income ||Monthly Income |
|1 ||$33,050 ||$2,754 |
|2 ||$37,800 ||$3,150 |
|3 ||$42,500 ||$3,541 |
|4 ||$47,200 ||$3,933 |
|5 ||$51,000 ||$4,250 |
|6 ||$54,800 ||$4,566 |
|7 ||$58,550 ||$4,879 |
|8 ||$62,350 ||$5,195 |
How do you Apply?
- Contact a mortgage lender to obtain a pre-qualification letter.
- Visit the Department of Housing and Community Action Programs to place your name on the waiting list and pick up an application.
- Return the completed application along with the requested documentation to our office.