FHA, VA, USDA, and Conventional

Assistance up to 10% of lesser of sales price or appraised value for down payment and closing costs

Forgivable Lien if borrower occupies the home as primary residence for 5 years

Zero interest junior lien

Purchase of primary residence

Minimum credit score:

• FHA, VA, and USDA: 640

• Conventional: 660

Subject property must be located in

California State

Our products and services have no affiliation with or endorsement from any government agency or body.

On a CalHFA FHA 30-year fixed rate purchase with loan amount $183,150 (at 90% LTV with 10% cash required from borrower and FICO 640), at an interest rate 5.25% with $0 discount points (Annual Percentage Rate: 6.25%), you will be required to make 360 equal monthly payments of $1,011.36 (which includes principal and interest only, so your actual payment, including taxes, insurance, and other property charges, will be higher). The stated rate may change or not be available at the time of Loan Commitment or Lock-in. Cash required from the borrower denotes down payment only and doesn't include closing costs. Note: 10% cash required from borrower in the form of “CalHFA Forgivable Equity Builder” second lien of loan amount $20,000 is a 30-year term, 0% interest, and no payments due, and will be forgiven after 5 years if borrower occupies property as primary residence.

Eligible Property State: California

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