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Program Highlights:

  • Borrower receives 10% in assistance from CalHFA

  • Assistance is fully forgiven if you live in the home for 5 years

  • Assistance can be used for closing costs as well:

    • ex. 7% for down payment + 3% for closing costs = 10% in assistance​

  • Borrower can add a maximum of 20% of their own funds/gift funds for down payment

  • Loan amount limit based on conforming loan limits

  • Interest rates for the program are set by CalHFA and change daily

  • Types of approved homes:

    • Single-family homes​

    • Condos/townhomes (approval required)

    • Manufactured homes on owned land (no leased spaces)

    • Below-market-rate (BMR) homes



  • Borrower must be a first-time homebuyer (not owned a home in the past 3 years)​

  • Borrower's gross income must be below the limit for the county the home is purchased in

  • Maximum DTI (debt-to-income ratio) is 45%

  • Minimum credit scores:

    • Conventional = 680​

    • FHA = 640

Complete Program Information

Want to see if you qualify?

Our team will reach out as soon as possible.



Use our mortgage calculators to see current mortgage rates and determine your monthly payment.

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