What is Sapphire Down Payment Assistance Program

Assistance Grant That Does not Need to be Repaid

The Sapphire Down Payment Assistance program helps home buyers with their down payment and/or closing costs through a grant that does NOT need to be repaid. Depending on the loan program the non-repayable grant can cover up to 4.5% of your loan amount. This assistance program is designed to increase homeownership opportunities for low to moderate-income individuals and families. This program is for FHA loans only.

Benefits You’ll Love About Sapphire Down Payment Assistance Program

Grant for up to 4.5% of your loan amount

Minimum FICO score of 620

Manufactured housing is eligible

Grant funds can be used for down payment and/or closing costs

Information on Sapphire Down Payment Assistance Program

Below, you will find expandable sections that give you information on the Sapphire Down Payment Assistance Program. If you are ready to apply for a loan, click here and it will take you to our secure online application. If you still have questions, our loan officers are just a phone call away (805.543.LOAN)


  • 3% or 4.5% grant funds available of the first mortgage loan amount
  • Grant funds may be used for down payment and/or closing costs
  • Available for 30-year fixed term FHA loan program
  • 1-2 units allowed
  • Manufactured housing eligible


*Note: Cooperative housing (co-op) is NOT eligible. Borrowers may not own other 1-4 family residential property at the time of closing of the Sapphire transaction.


  • Borrower must occupy the residence
  • Non-occupant co-borrower/signers are NOT allowed
  • Income limit is 115% of area median income ($87,860 for SLO County). Limit is based on qualifying income used for the transaction NOT household income.
  • Maximum loan amount is $424,100
  • Minimum 620 FICO score
  • Maximum of 50% debt to income

Step 1. Get Pre-Approved.

Getting pre-approved is as easy as 1-2-3!

Create an Account

Creating an account is fast, easy, secure and FREE! Your account enables you to easily modify your loan application and view the status of your loan anytime day or night.

Submit Information

When you register for a Loan Center account, you can submit a loan application online and the sensitive information that you provide will be transmitted securely.

Get Pre-Approval

Pre approval can be done in as little as an hour if you have thoroughly completed the loan application and have all the needed paperwork to support the information on the application.

You have questions? We have answers.
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