Down Payment Assistance Programs in California 2026
California offers various down payment assistance programs to help homebuyers, including the CalHFA MyHome Assistance Program and the GSFA Platinum Program. These programs provide financial assistance for down payments and closing costs, with eligibility requirements based on factors like income and credit score.
California homebuyers can access several down payment assistance programs. The CalHFA MyHome Assistance Program offers a deferred-payment loan to cover down payment and/or closing costs, up to 3.5% of the purchase price for FHA loans or 3% for conventional loans. The GSFA Platinum Program provides up to 5.5% of the loan amount for down payment and closing costs. Eligibility requirements vary by program, but often include income limits and minimum credit scores. The CalHFA ZIP Program offers up to 3% of the loan amount to cover closing costs in the form of a zero-interest, deferred second loan. Many programs are designed for first-time buyers, but some are also available to repeat buyers.
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