Junior loan of an amount up to the lesser of 3.5% of the purchase price or appraised value to assist with the down payment and/or closing costs.
Program features and guidelines
• Deferred Payment – No payments have to be made until home is sold, refinanced or paid in full
• First time home buyer
• Primary Residence
• Able to go behind a Conventional, FHA, or VA Loan
• Income eligibility requirements
For more information on CalHFA loans, contact us today!