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Program Highlights:

  • Borrower receives 3% or 3.5% in assistance from CalHFA to cover your minimum down payment

    • CalHFA Conventional = 3% in assistance​

    • CalHFA FHA = 3.5% in assistance

  • Assistance is not forgivable and must be repaid if the home is refinanced, sold, or you reach the end of your 30-year term on the loan​

  • Borrower can add 2% or 3% in closing cost assistance with CalHFA ZIP ​​

  • 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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