The GSFA Platinum program helps low-to-moderate income homebuyers in California purchase their homes by providing down payment and closing cost assistance.

• Up to 5% of the mortgage loan amount
• Does not need to be repaid
• Subject to income limitations
• Minimum 640 FICO credit score
• Purchased home must be primary residence

The First Home Mortgage program provides recipients with both a first mortgage and assistance to help with the down payment and closing costs.

• Up to 4% of the first mortgage amount in assistance
• Assistance portion does not need to be repaid
• Subject to income limitations
• Minimum 640 FICO credit score
• Meet all eligibility requirements of mortgage loan

The MyHome program privdes a deferred-payment junior loan to help cover the down payment and closing costs. Must be combined with a CalHFA first mortgage loan.

• Up to 3.5% of the purchase price or appraised value
• Must be first-time homebuyer
• Subject to income limitations
• Payments deferred up to 30 years
• Interest rate depends on your financial circumstance

Provides down payment assistance to teachers, administrators and staff members of schools. Must be combined with a CalHFA first mortgage loan.

• Maximum loan amount of $15,000
• Must be first-time homebuyer
• Subject to income limitations
• No monthly payments
• Due in 30 years or when you sell or refinance the home

The Eagle Connect Fund is a national down payment assistance fund that provides a grant to qualified applicants. This means instant equity in your new home.

• Up to 5% of mortgage loan amount
• Assistance portion does not need to be repaid
• Accepts non-owner co-borrowers
• Flexible income limitations
• Minimum 620 credit score

Many California cities have Down Payment Assistance programs to entice homebuyers into moving to their cities. These programs have been refunded for 2019 and have money to give away. The programs can differ based on the city but usually require the buyer to be a first-time homebuyer and to live at the property they purchase. Please contact us to get more information on available programs in cities that you are interested in.