The California Housing Finance Agency (CalHFA) offers First and Second Mortgages that can be combined to finance up to 105% of the purchase price.
Minimum credit score of 640.
As little as $0 down payment required when combining a First Mortgage with a Second Mortgage.
Available to First Time Homebuyers and NON First Time Homebuyers.
Generous Income limits apply.
Generous Sales Price limits apply.
Conventional and FHA First Mortgages are available.
Conventional First Mortgage offers reduced Mortgage Insurance rates.
Down Payment Assistance available in the form of a Second Mortgage. Multiple Second Mortgages and can be combined if needed!
To learn more:
Please visit CalHFA’s website: http://www.calhfa.ca.gov/index.htm. CalHFA stands for California Housing Finance Agency and is a state run agency.
To begin a loan application or speak with a loan officer, please visit our Locations page to find a branch closest to you.