Down Payment Assistance Loans

Time to Own Your Home - Stop Paying Your Landlord's Mortgage

Ever thought about owning your own home, but the down payment and closing costs feel like a big hurdle? We're here to help you jump over that fence and welcome you to homeownership!

CalHFA Down Payment Assistance Programs (MyHome and Zip)

Here's What You Need to Know:

  • First-Time Homebuyer: Haven't owned a home in the last 3 years? You're eligible!
  • Credit Score Requirements: Depending on the program, your credit score must be between 640 and 680.
  • Owner-Occupied Residence: You must live in the home you're buying.
  • Education: Complete a first-time homebuyer education class.
  • 1 Unit Allowed:  1-unit properties like SFR/PUD/Condo are eligible. There's a 5-acre property limit on the size.

What Does CalHFA with MyHome and Zip Assistance Offer?

  • Help with Down Payment:  up to 3.5% of the sales price/appraised value, whichever is less.
  • Help with Closing Costs  up to 3% of the sales price/appraised value, or the total closing costs, whichever is less.
  • Friendly Loan Terms: A silent 2nd lien at 1.0% simple interest, deferred for the life of the 1st mortgage. Must be paid back if you refinance or sell (no penalties).

Additional Down Payment Assistance Programs 

Here's What's in It for You:

  • Assistance with Down Payment & Closing Costs: Want to buy a home but don't have a lot saved? No worries! Our programs can help you with the down payment and closing costs. That means little to no money out of your pocket!
  • Credit Scores as Low as 580 Accepted: Don't have a perfect credit score? That's okay! We can work with credit scores as low as 580.
  • Owner-Occupied Residence: You must live in the home you're buying.
  • Co-Signers Allowed: If you need a little extra help to qualify, you can have a co-signer.
  • First-Time Buyer? Or Not? Either Way Works: You don't have to be a first-time buyer. Some of our programs don't even have income limits.
  • 1-4 Units Allowed: Whether you want a single-family home or up to 4 units, we have options for you.

Ready to Take the Plunge into Homeownership?

Why keep paying your landlord's mortgage when you can invest in your own future? Whether you're a first-time buyer or looking to purchase your next property, our down payment assistance programs are designed to make the homebuying process more accessible and affordable.

Join the Ranks of Happy Homeowners Today!

Homeownership is closer than you think. Let us help you find the perfect loan to fit your needs. Your dream home awaits, and we're here to guide you every step of the way.

Learn More and Start Your Homeownership Journey Today!