How much will it cost to buy a home?   

June 19, 2025

The cost of buying a home varies. Purchasing a home requires a down payment and money for closing costs. Closing costs include loan fees, title company fees, city and county taxes, and transfer fees. Closing costs are approximately 3% of the purchase price. There are programs available through the City of Oakland and the State of California and local non-profits that can assist with down payment and closing costs. However, these additional funds are not guaranteed. OHA also requires participants to obtain an independent home inspection, which typically costs $300-$600. You may use gifts and grants to come up with additional money needed to purchase a home. However, the minimum requirements of 3.5% (working families) or 1% (disabled/elderly families) must come from the buyer’s own funds.