Down Payment Assistance

Down Payment

Fixed Rate

Mortgage Insurance

Minimum Credit Score: 640

Best for people with moderate to low-income who want to buy but are having trouble saving up a downpayment.

Pros and Cons


Down payment assistance programs take several forms. They can be sponsored by governments, non-profits, or religious institutions. California has two state-wide down payment assistance programs that work anywhere. They are CalHFA and GSFA Platinum. We offer both of these down payment assistance home loans here in California.

  • Less or No Down Payment
  • Some programs help with closing costs also
  • Buy a home now instead of waiting for when prices are higher
  • Avoid increasing rents by owning sooner


Down Payment Assistance programs are not without their downfalls. There is "no free lunch" as they say. Below is a list of reasons why a California down payment assistance loan may not be right for you if you already have or can quickly save enough for your own cash to close.

  • Often higher rates
  • Does not cover entire cash to close
  • Limits on purchase price
  • Limits on affordability
  • Limits on income to qualify

The Bottom Line

If it's going to take you more than 1 year to save up for your down payment and closing costs then you may be better off utilizing a down payment program to secure your home and start realizing the benefits of home ownership

Ready to Apply for a Down Payment Assistance Program?