Down Payment Assistance for a First Time Buyer


BUY your DREAM home with ZERO or Little money down!
Down Payment assistance for first time buyers


 Sometimes a potential first time buyer can make a house payment with no issues, but can't buy a house because they don't have the funds required for down payment and closing costs.

We have the solution to the problem.

Help is available to you THRU CALHFA!

BUYER Requirements

  • Occupy the property as a primary residence within sixty (60) days of closing.
  • CalHFA borrowers must complete homebuyer education counseling and obtain a certificate of completion through an eligible homebuyer counseling organization.
  • Meet CalHFA income limits for this program.
  • Be a first time buyer
  • Be US citizen or permanent resident alien
  • Minimal credit score is 640, we can help you improve your score for free if your FICO credit score is not quite where it needs to be.
  • Max DTI is 45% 


Property Requirements

  • Sales price of the home cannot exceed CalHFA's sales price limits established for the county in which the property is located
  • Be a single-family, one-unit residence, including approved condominium/PUDs
    • Guest houses, granny units and in-law quarters may be eligible 
  • Condominiums must meet the guidelines of the first mortgage 
  • Manufactured housing is not permitted 
  • There is a five acre maximum on the size of the property
  • Leaseholds/Land Trusts and Co-ops are not permitted 



CalHFA was founded 40 years ago and helps responsible borrowers with good credit purchase their first home by providing access to affordable first mortgages and down payment assistance. CalHFA offers an array of mortgage financing and down payment assistance. The combined Down Payment Assistance programs can provide up to 8% of the purchase price, with a maximum CLTV of 105%. Many people have good credit and a steady job, but haven’t saved up enough for a private bank’s down payment requirement. CalHFA develops programs to address the down payment and closing cost needs of those first time buyers and there are no costs to the seller .

The interest rate on the CalHFA Conventional or FHA is fixed throughout the 30-year term.This loan is combined with either the MyHome Assistance Program (MyHome), Zero Interest Program (ZIP) or the Extra Credit Teacher Program(ECTP).

**Terms subject to change without notice. Does not constitute an offer, nor a guarantee to lend.

low interest rates and refinance