Information presented by:

California Down Payment Assistance Programs

Helping Families Realize The Dream Of Homeownership Since 1990

NOT a government website

California Housing Finance Agency

CalHFA

CalHFA offers down payment and closing cost assistance for low to moderate income homebuyers in California

Who

is this program for?

How

do the programs work?

What

properties are eligible?

What

else do I need to know?

Where

do I apply??

Who

is this program for?

This program is for low to moderate income households who intend to occupy the property as their primary residence.

The applicant DOES NOT need to be a first time  homebuyer for the stand alone first mortgage.

All closing cost and down payment assistance programs DO require that the applicant be a first time homebuyer

 

The income limits for this program can be found on the INCOME LIMITS PAGE

How

do the programs work?

 

There are 3 different programs that can be used to cover down payment or closing costs.

The programs must be used with a CalHFA first mortgage.

All of these programs are loans, not grants

What

properties are eligible?

Single family homes, town homes and condominiums located within the State of California are eligible.

Maximum Sales Price: $765,000 for attached and detached properties

What

else do I need to know?

As already mentioned, these guidelines are not the complete set of eligibility and qualification requirements but rather an overview.

 

  • The  down payment and closing cost assistance programs must be used along with the CalHFA first mortgage. They offer FHA, VA, conventional loans with fixed rates
  • CalHFA sets the interest rates on all programs.
  • Applicants must complete a homebuyer education class
  • Minimum credit score: 640
  • Your new total housing payment plus all other household monthly debts cannot exceed 45% of your total gross income.

Where

do I apply??

Applications are made through an approved participating lender

Laura Borja with Supreme Lending is an approved participating lender

START

ONLINE

(619)

992-4061

BY PHONE

Download the application worksheet

BY FAX

(866) 765-3804

To schedule an appointment

Call

(619) 992-4061

Or

Schedule Online

IN PERSON

Download the application checklist

California Down Payment Assistance Programs

GET STARTED

GET STARTED

(619)992-4061

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1615 Murray Canyon Rd Ste 1020

San Diego CA 92108

Bilingual Loan Officer In San Diego