Multicultural Real Estate Alliance for Urban Change

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Multicultural Real Estate Alliance for Urban Change

Down Payment Programs

The City of Los Angeles is accepting applications for its down payment assistance program for moderate income homebuyers–Moderate Income Purchase Assistance Program (MIPA). Up to $60K is available for households earning between 81-120% of Area Median Income and $35k for households earning between 121-150% of Area Median Income. For further info, click on the following link: 

https://hcidla2.lacity.org/housing/help-moderate-income-first-home-buyers

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HomeStyle Renovation Loans  – FannieMae and Freddie Mac Conventional loan program that allows the buyer to finance repairs into the purchase loan.

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