Downpayment Assistance for BMR Units

If mixed-income buyers need help with their downpayment or mortgage approval, the following programs are available:

  • Below Market Rate Downpayment Assistance Loan Program (BMR DALP)

    • Downpayment loan as needed, for a homebuyer purchasing a mixed-income unit
      • Requires no monthly payment and accrues no interest
    • Work with your lender to apply for BMR DALP
  • Mortgage Credit Certificate Program (MCC)

    • Helps homebuyers qualify for a mortgage loan and reduce their effective mortgage interest rate
      • Deduct 15% of your mortgage interest from your annual tax debt
    • Work with your lender to apply for MCC
  • Teacher Next Door Program (TND)

    • Only for SFUSD educators
    • Downpayment loan up to $20,000 on a BMR
    • Typically layered on top of other MOHCD loan programs, if additional funding is needed.
      • Forgiven after 10 years, if all program requirements are met
    • Work with your lender to apply for TND
  • Workforce Initiative Subsidy for Homeownership (WISH) Program

    The Federal Home Loan Bank's Workforce Initiative Subsidy for Homeownership (WISH) Program is a tax benefit program that provides grants to qualified homebuyers at 80% AMI.

    WISH will provide up to $15,000 per household, matching up to $3 for every dollar contributed by the homeowner. This program is possible only through certain banks.