California

Number of programs: 5

Program 1

CalHFA Conventional Program and CalHFA FHA Program

Both programs are 30-year, fixed-rate loans, offered through CalHFA-approved lenders, that can be paired with either the California Homebuyer Down payment Assistance Program or the Extra Credit Teacher Program. Homebuyer education counseling must be completed and the first mortgage loan amount must not be greater than $453,100.

Program 2

CalPLUS Conventional Program and CalPlus FHA Program

Both programs are 30-year, fixed-rate loans (insured through either private mortgage insurance or the federal government) and are combined with the CalHFA Zero Interest Program (ZIP), a deferred-payment junior loan of 3 percent of the first mortgage loan amount which is used for down payment assistance. The conventional program is combined with the ZIP Extra program which offers an additional $6,500 of assistance with zero interest for first-time buyers of single-family homes or condominiums.

Program 3

MyHome Assistance Program

This program must be combined with a CalHFA first mortgage loan. It offers a deferred-payment junior loan of up to 3.5% of a home’s purchase price or appraised value, whichever is lower, to cover a down payment and/or closing costs.

Program 4

The Cal-EEM + Grant Program

In an effort to promote energy conservation, California has developed a program to help homebuyers and homeowners finance home improvements that make a household more energy efficient. The Cal-Energy Efficient Mortgage (EEM) + Grant program is a 30-year fixed rate FHA-backed first mortgage loan that pairs with a grant which is specifically used for energy-efficient home improvements. This program can be coupled with the California Homebuyer Down Payment Assistance Program or the Extra Credit Teacher Program.

CA BRE# 01862907  

 NMLS# 1137660

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