Buying a home is something we all dream about, usually for years. You may have saved money for a down payment, but just don’t have enough to buy your dream home. If that’s the case, our down payment assistance program may be the best option for you, because we don't believe you should put your dreams on hold!

CHF ACCESS 2nd Loan Program:

• up to 3% 2nd loan financing with fixed rate
• use for down payment and closing cost for FHA loans
• must be owner occupied on one unit property only
• no first-time buyer requirement
• no FICO score requirement (good credit still applies, certain restrictions apply)
• no sales price limit (FHA loan limit still applies)
• no homebuyer education requirement
• no minimum homebuyer contribution (the remaining .5% can be a gift)
• gift funds acceptable as source of remaining funds
• no prepayment penalty
• no Recapture Tax
• income limits applies per county based on qualifying borrower's income, not the household income

Sample Scenario: $325,000 sales price
FHA requires 3.5% down payment, but borrower has little money for the down.  Borrower's family member provides a gift up to $2,000.  Seller pays for all his closing costs.

CHF ACCESS 1st of 96.50%   = $337,750
CHF ACCESS 2nd of 3%        = $10,500
Total Financing of 99.5%         $348,250
Borrower Required Down Payment: .5% = $1,750

California Homebuyer's Downpayment Assistance Program (CHDAP):

• up to 3% silent 2nd loan with simple yearly interest
• use for down payment and closing cost for both FHA and Conventional Loans
• must be owner occupied on one unit property only and first-time buyer only
• 680 FICO score requirement (subject to change)
• sales price limit applies per counties
• homebuyer education requirement
• no minimum homebuyer contribution (the remaining .5% can be a gift)
• gift funds acceptable as source of remaining funds
• no prepayment penalty
• income limits applies per county based on annual household income per family size
• additional borrower's eligibility must be met

100% Financing with SMART Loan Program:

• use for CalHFA REO designated properties only (call for list of properties)
• special reduced note rate of 5.5% fixed for the entire 30 year (subject to change)
• use for both FHA and Conventional Loans
• must be owner occupied on one unit property only and first-time buyer only
• 680 FICO score requirement (subject to change)
• sales price limit applies per counties
• homebuyer education requirement
• no minimum homebuyer contribution (the remaining .5% can be a gift)
• gift funds acceptable as source of remaining funds
• no prepayment penalty
• income limits applies per county based on annual household income per family size
• additional borrower's eligibility must be met

100% HomePath Loan Program:

• use for FNMA REO designated properties only (call for list of properties)
• flexible mortgage terms (fixed-rate, adjustable or interest-only)
• less than perfect credit may qualify
• use for Conventional Loans
• no mortgage insurance
• no appraisal fees
• available to both owner occupied and investors
• additional restrictions apply