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Down Payment Assistance

Workforce Initiative Subsidy for Homeownership (WISH)

Federal Home Loan Bank (FHLB) of San Francisco’s WISH (Workforce Initiative Subsidy for Homeownership) Program offers first-time homebuyers down payment assistance in the form of a matching grant of up to $22,000 ($4 for every $1 the homebuyer puts in) toward the purchase of a home.

NAAC, as an FHLB partner, accepts and processes grant applications subject to set eligibility criteria and fund availability.

Fund Source

Federal Home Loan Bank of San Francisco




Program Highlights

Up to $22,000 in down payment or closing costs assistance
Fully forgiven after five (5)  years of owner occupancy of home
Housing expense ratio must not exceed 35% of gross household income
No payments due
Funds are awarded as a 4 to 1 match ($5,500 maximum contribution from buyer) 
Funds available on a first-come, first-served basis, with a fully executed purchase contract
A home within your reach

Eligibility Requirements

Borrower must be a first-time homebuyer

Must qualify for a first mortgage with an NAAC-approved lender

Borrower must occupy the property as primary residence

Single-family detached homes, condominiums, and town homes are eligible

Borrower must complete 8 hours of HUD approved first-time homebuyer education

Family must not exceed 80% of the HUD Income Limits for the area

Apply Now
— Household Income Limits
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