Some of our many down payment assistance programs:
0 Down with $15,000 Forgivable Loan
- 0 Down Conventional Financing
- $15,000 Forgivable loan to help pay closing costs (20% forgiven a year -- totally forgiven after 5 years)
- No monthly or up-front mortgage insurance required.
- Do not need to be a first time homebuyer
- Income limits and other restrictions apply, call for details.
- California Only
- Must intend to occupy as your primary residence
CalHFA First-Time Homebuyer Programs.
- 0 Down Programs
- Additional financing to help pay for the closing costs
- FHA, VA and Conventional Financing
- Minimum 640 credit score for FHA and VA
- Minimum 680 credit score for conventional program
- Income limits apply
- Must be considered a first-time homebuyer - defined as not owning a primary residence for the last three years.
- California Only
- Must intend to occupy as your primary residence
Down Payment Assistance for Essential Employees.
- Up to 5.5% in financial assistance, based on the first mortgage loan amount.
- Do NOT need to be a first-time homebuyer
- Can own other property
- Minimum 640 credit score required
- Income limits may apply
- California Only
- Must intend to occupy as your primary residence
- up to 1.5% of the finanical assitance can be in the form of a gift for borrowers employed in the following fields:
- Medical and Healthcare
- Law Enforcement
- Fire Fighters
- Paramedics
- Emergency Medical Technicians
- Teachers
- School administration and staff
Assistance for Credit Scores as Low as 600
- Up to 5% finacing for down payment and closing costs
- Additional financing to help pay for the closing costs
- Forgiveable loan
- FHA financing.
- Minimum 600 credit
- NO Income limits apply
- Do NOT need to be a first-time homebuyer
- Non-occupying co-signers are OK
- California Only
- Must intend to occupy as your primary residence
