What is the Downpayment Assistance Loan Program (DALP) offered by the SF Mayor’s Office of Housing (MOH)?
The Downpayment Assistance Loan Program (DALP) offered by the San Francisco Mayor’s Office of Housing (MOH) is a loan program available to first-time homebuyers in San Francisco with low to moderate income. Low to moderate income is defined as not exceeding 120% of the area median income for San Francisco - in the case of a family of four, $121,900. You can find a detailed chart displaying maximum allowable incomes based on family size here.
DALP is available to people who are purchasing a market rate single family home in San Francisco who have never had ownership interested in any other property (whether in San Francisco or not). DALP is a silent second loan that requires no payments for 40 years. A silent second loan on an asset is not disclosed to the lender of the original loan.
You can learn more about DALP by clicking here.
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