CalHFA https://www.calhfa.ca.gov/index.htm FICO Score at least 640 CAlHFA has several down payment assistance programs available, please visit their website CalHFA Forgivable Equity Builder Loan first time buyer: https://www.calhfa.ca.gov/homebuyer/programs/forgivable.htm
GSFA – Golden State Finance Authority http://www.gsfahome.org Loan program that combines with a 3% to 7% grant
(GSFA grant does not have to be paid back - speak with your lender for specific details). No restrictions on the area borrowers can purchase. Grant can be used to cover down payment and closing costs can be structured both as FHA and Conventional. California only program. HUD Programs https://www.hud.gov/states/california/homeownership/ buyingprgms
Neighborhood Assistance Corporation of America https://www.naca.com/ NACA is a nationwide non-government, non-profit organization.
Note: Resources in this book are provided as education only. The above loan types are offered by many lending institutions (FHA, VA and Conventional loans). All lenders do not service USDA loans, you can research the USDA website for qualified lenders who can service your area. Speak with your Realtor and lending specialist for more details regarding the loans and programs mentioned in this book.
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