CalHFA Down Payment Assistance Program
CalHFA Down Payment Assistance Program
The CalHFA FHA offers financing up to 105% of the purchase price or appraised value whichever is less. To make buying a home more affordable, down payment and closing cost assistance may be obtained when combining this CalHFA first mortgage with CalHFA junior loan programs.
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Borrower may not have an ownership interest in any other residential dwelling at the time of loan closing. Do not have to be a First Time Home Buyer.
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Home Buyer Education is required for at least one of the borrowers.
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Refer to CalHFA's Income Limits for the county in which the property is located.
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Refer to CalHFA's Sales Price Limits for the county in which the property is located.
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Be a U.S. citizen, permanent resident alien, or other qualified alien.
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Existing single family, one-unit residence, including condominium/PUDs, and Manufactured Housing (Certain Restrictions Apply). Leaseholds/Land Trusts are not allowed with this program.
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CalHFA offers the California Homebuyer's Downpayment Assistance Program (MyHome and Zip) which can be used for down payment and closing cost assistance.
