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CalHFA Forgivable Equity Builder Loan Program

CalHFA just announced a new Down Payment Assitance program, set to launch on 4/4/2022!

What is the CalHFA Forgiveable Equity Builder Loan?

This new loan CalHFA down payment assistance program is geared toward qualified buyers who are in need of some extra funds for their home purchase. It is focused on lower-income individuals and families, with the <80% AMI requirement. Here are some of the qualifying factors:

Program Outline

  • Borrower can access 10% of the sales price or appraised value (whichever is less) as down payment assistance funds

  • 10% down payment assistance funds are forgivable if the borrower lives in the home for 5 years

  • Must have income equal to or less than 80% of area median income (AMI)

  • Cannot be combined with the CalHFA MyHome or ZIP products

  • Other qualifying factors such as DTI, credit score, etc. to be announced

  • Program launch date is April 4, 2022.


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