Down Payment Assistance for Employees in the Cannabis Industry

Marijuana Mortgages ~ Down Payment Assistance

Homebuyers using one of our first mortgage loan programs to finance their home purchase are eligible to use CHFA down payment assistance options. Even if you contribute towards a down payment, you may still use one of the options below:

Down Payment Assistance Grant *

  • Up to 4 percent of your first mortgage (Example: Get up to $8,000 on a $200,000 mortgage)
  • No repayment required

Second Mortgage Loan*

  • Up to 5 percent of your first mortgage (Example: Get up to $10,000 on a $200,000 mortgage)
  • Repayment of loan balance deferred until certain events, such as payoff of your first mortgage, or the sale or refinance of the home.

Read more: https://www.chfainfo.com/homeownership/down-payment-assistance

By: CHFA