Is a down payment the only thing holding you back from homeownership? On this short page of my complete home purchase guide, you will get access to my California down payment assistance printout and references to other pages of this website that go into detail about specific programs available to you.
Down payment assistance is here for those in need: When down payment assistance is the only option, these programs are an excellent fit. Keep in mind, traditional loan programs including VA, USDA Rural are available that have 100% financing. Other loan program options have low down payment requirements as well which may result in lower overall loan costs. Please consult with Scott Buehler, your Senior Mortgage Consultant, before making a home loan program decision.
California Down Payment Assistance Printout
Tap the button below to access my California guide to down payment assistance (DPA).
Important Note: Due to the changing nature of down payment assistance home loan programs, I request you visit the direct program information page on this website for details. This helps me improve the overall accuracy of this website by having program specifics on one page.
Learn more about CalHFA down payment assistance programs here!
CalHFA offers Conventional and FHA down payment assistance with non-forgivable (repayment required) 2nd (and sometimes 3rd) subordinate loans to help with down payment and/or closing costs.
If you pay off the first by selling the property, refinancing the first mortgage, or at maturity of the first mortgage, transfer title to the property, or allow others to assume the first mortgage, the subordinate financing becomes due and payable. These loans are not forgivable, nor do they go away after a period of time.
Scott Buehler is an approved lender for CalHFA.
Other Options to Consider
Generally speaking, most down payment assistance programs are a more expensive home loan option when it comes to rates and/or loan fees. As always, homebuyers are encouraged to save for a down payment when possible.
There are low down payment options through Conventional home loans and FHA home loans. There are also traditional 100% financing solutions through VA home loans (if eligible) or USDA home loans (if the property is in a designated rural area).
Want to discuss your California DPA options? I'm happy to discuss your California down payment assistance program options with you to help you decide if this is the right direction for your home purchase needs. Take my home ownership questionnaire then send a text to (435) 590-1019 to arrange a call today!
I'm looking forward to helping you through the California down payment assistance home purchase process!