Down Payment Assistance

Grants

There are three main programs that offer down payment assistance:

1) GSFA Platinum Program

This is sponsored by the GSFA Homebuyers Fund and offers up to 5% of the loan amount. It includes Conventional, FHA, USDA and VA mortgages. This program is good for properties in California only.

2) NHF ACCESS Program

This is sponsored by the National Homebuyer's Fund (NHF) and available to assist with down payments on properties in various states. 

3) NHF Platinum Program

This is a second program sponsored by the National Homebuyer's Fund (NHF) and is available to assist with down payments on properties in various states. This program offers up to 5% of the loan amount, includes Conventional, FHA, USDA and VA mortgages and does not require you to be a first-time homebuyer. 

For more details on the breakdown of each program, click here: www.nhfloan.org/programs/program_index.html


MCC Mortgage Credit

The MCC credit allows individuals to claim a portion of their mortgage interest as tax credit and can also help with qualifying for the actual mortgage loan. There are two types of mortgage credit certificates (MCC) available for those purchasing a property in California. The MCC tax credit for both programs is 20%. 

For more information such as income and purchase price limits or to read about common questions about the MCC credit, click here: www.nhfloan.org/programs/MCC/MCC_CHF/Guide_MCC_CHF.html

 

CalHFA Programs

CalPLUS FHA Loan Program
The CalPLUS FHA program is an FHA-insured loan featuring a CalHFA fixed interest rate first mortgage. This loan is fully amortized for a 30-year term and is combined with the CalHFA Zero Interest Program (ZIP) for down payment assistance and/or closing costs. First-time homebuyers can receive more down payment assistance through ZIP Extra.

CalHFA FHA Loan Program
The CalHFA FHA program is an FHA-insured loan featuring a CalHFA fixed interest rate first mortgage. This loan is fully amortized for a 30-year term. 

Cal-EEM + Grant Program
The Cal-EEM + Grant program combines an FHA-insured Energy Efficient Mortgage first mortgage loan with an additional Cal-EEM Grant, making energy efficient improvements even easier. The interest rate on the Cal-EEM is fixed throughout the 30-year term.

CalPLUS Conventional Loan Program
The CalPLUS Conventional program is a first mortgage loan insured through private mortgage insurance on the conventional market. This loan is fully amortized for a 30-year term and is combined with the CalHFA Zero Interest Program (ZIP) for down payment assistance and/or closing costs.

CalHFA Conventional Loan Program
The CalHFA Conventional program is a first mortgage loan insured through private mortgage insurance on the conventional market. The interest rate on the CalHFA Conventional is fixed throughout the 30-year term.


Additional assistance Programs