Middle Income Downpayment Assistance
Thanks to the incredible outpouring of support from our participating member financial institutions, the Bank has reached the $20 million program allocation limit for the Middle-Income Downpayment Assistance matching program and is no longer accepting new requests from members to fund grants.
When funds were available, participating members were invited to request Middle-Income Downpayment Assistance funds for eligible homebuyers once a homebuyer opened escrow on a home purchase with a scheduled loan closing within 60 days. The Bank disbursed the funds to the member, who then delivered the funds to the escrow company. The Bank confirmed receipt of the disbursement request within two business days and aimed to process the requests within 10 business days of receiving a complete and satisfactory disbursement package.
Please watch a pre-recorded webinar or view our presentation slides with frequently asked questions to learn more about eligibility, disbursement, and program requirements.
To request a disbursement, the member must first submit a completed Secure Portal Workspace Set-up Request form. Members will be notified by email that the homebuyer folder has been created in the workspace.
To initiate the disbursement process, the member then needs to send the following information by email to Outreach@fhlbsf.com:
Homebuyer name
Household income as % of area median income (AMI)
Grant amount requested
Scheduled loan closing date
State where property will be purchased
A complete disbursement package includes the following:
Completed Middle-Income Downpayment Assistance Certification and Disbursement Request form, including the Certification and Disbursement Request Attachment 1.
Certification that the homebuyer is a first-time homebuyer, as defined by HUD.
Certification that the household and home purchase to be funded satisfy Middle-Income Downpayment Assistance Program guidelines.
Certification that funds are being used for an eligible purpose and that the interest rate, points, fees, and other charges for all loans made in conjunction with the Middle-Income Downpayment Assistance direct subsidy shall not exceed a reasonable market rate of interest, points, fees, and any other charges for loans of similar maturity, terms, and risk.
Mortgage lender’s Fannie Mae Form 1008 (or equivalent), verifying that the homebuyer is income eligible.
Mortgage lender's Fannie Mae Form 1003 (or equivalent).
Certificate of completion of homebuyer counseling program by an experienced organization.
Preliminary Closing Disclosure.
If the disbursement package is incomplete or there are questions about the request, the Bank will email the member and clearly outline the deficiency.
Once the Bank disburses the homebuyer's grant to the member, the member must provide evidence, within 30 days after escrow closes or by January 31, 2026, whichever is earlier, that the grant was disbursed to the escrow company for the benefit of the homebuyer.
Disbursement Eligibility
Member must be in good standing with the Bank.
The deadline to request a disbursement is November 15, 2025.
The homebuyer must close escrow by December 31, 2025.
Member may submit disbursement requests up to the maximum program limit of $2 million per member.
Member may submit disbursement requests for households earning just over 80% up to 140% of AMI on a first-come, first-served basis until the $20 million program allocation has been exhausted. Up to $5 million of the $20 million program allocation may be used to support homebuyers earning between 120% and 140% AMI.
For additional information or questions, refer to the MDPA Disbursement Flowchart or contact Outreach@fhlbsf.com.
