All About Down Payment Assistance Programs

Down Payment Assistance Programs

Buying a home can be overwhelming and expensive! That’s why you need experts on your side like Mary Shuck and Shannon Jones to help you through the process. In our live webinar on August 4th, they discussed down payment assistance programs for first-time buyers. Watch the webinar below and keep scrolling for highlights and the links Mary mentions!

Highlights from our Down Payment Assistance Webinar

  • There are a number of down payment assistance programs and your location, loan amount, credit score, and income will determine what you qualify for. The best thing to do is connect with a lender who is well-versed in available programs so they help you determine what program will be the best fit.
  • Less than half of Mary’s clients have 20% down or more.
  • Did you know if your loan amount is $510,400 or less, you can put as little as 3% down?
    • If your loan amount is $765,000 or less, you can put as little as 5%
    • If you qualify for an FHA loan (a type of down payment assistance program) you only need to put 3.5% down.
  • Don’t forget that the down payment isn’t the only payment you need to consider. You also need to account for closing costs and having a reserve of money once the buying process is over.
  • It is so important for buyers to educate themselves on what is required. Even with the right experts on your team, it’s still important that you understand the process. You don’t want to sign anything you don’t understand.
  • Curious about which loan programs you qualify for? Call a lender – like Mary – and they can help you find out. If you need help getting in touch with a trusted mortgage broker please reach out to us.


Here are the links that Mary mentioned in the webinar. For Mary’s direct contact information please click here.

Ready to Buy a Home?

While down payment assistance programs are an important part of the process, there’s much more to buying a home! Check out these other helpful topics we’ve covered.

When you’re ready to buy a home we’ll be here for you. Please fill out the form below to get started or give us a call at 562.896.2456.

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About the Author

Shannon Jones has been selling real estate since 1998 and specializes in listing and marketing homes. She has consistently been one of the top Realtors in the Long Beach area. Prior to her award-winning career in real estate with the Shannon jones Team, Shannon has had successful careers in journalism and public relations. She holds a bachelors degree from UC Irvine and a masters degree from UC Berkeley. Shannon holds E-Pro, CDPE (Certified Distressed Property Expert), and PSC (Pre-Foreclosure Specialist) certifications. Shannon is very personable and maintains a very strong moral compass, always putting the best interest of home buyers/sellers above monetary goals. A California native, Shannon enjoys gardening, travel, reading, cooking and poker when she’s not selling homes MY DESIGNATIONS Lic# 01247705 | CDPE (Certified Distressed Property Expert) | E-Pro | PSC (Pre-Foreclosure Specialist) MY SERVICE AREAS Anaheim Bellflower Buena Park Carson Cerritos Cypress Downey Fountain Valley Garden Grove Huntington Beach La Palma Lakewood Long Beach Los Alamitos Los Angeles County Norwalk Orange County Rossmoor San Pedro Seal Beach Signal Hill South Bay Westminster