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FHA - 1st and 2nd time home buyer program in 2025  

• Allows buyer to with a 3.5% down payment
• No restrictions on the areas borrowers can purchase (California)
• Maximum purchase limits depending on county
• No home-buyer class required
• Primary residence 
• Higher income allowed 

• Guest houses, granny units and in-law quarters are eligible for financing under certain conditions.
• No borrower minimum contribution required.
• Borrowers who own or have owned rental properties may be a first-time homebuyer if they can document that they have not occupied any of the rental properties as their principal residence at any time within the past three years.
• Borrowers utilizing HUD 184 programs, 203(h) programs, or borrowers previous primary residence affected by natural disasters in California do not have to be first-time homebuyers. Refer to handbook for additional requirements.
• Manual underwriting permitted with FHA loans (except 203(h).
• Manufactured homes permitted with FHA loans.
• 2-1 temporary buydowns are permitted as per FHA, VA, USDA and master servicer guidelines
• No purchase price limit
• Bond loan that can assist with an extra money down payment or closing costs.
• No restrictions on the areas borrowers can purchase (California only).
• Allows buyer to come in with a 1% down payment on the 1st loan. 
• meet income limits https://www.calhfa.ca.gov/homeownership/limits/income/income.pdf

May not be combined with CalPlus program.
May be combined with CalHFA MyHome Assistance program.
May be combined with Non-CalHFA subordinate financing.
May be combined with a Mortgage Credit Certificate (MCC). The MCC credit may not be used for credit qualifying purposes.

CalHFA MYHOME

• 2nd position loan that can be used for down payment or closing costs.
• 3.5% of the purchase price.
• Silent Loan (no payments are made during the first 30 years).
• No restrictions on the areas borrowers can purchase (California only).
• Allows buyer to come in with a 1% down payment on the 1st loan. 

CalHFA ZIP

• 2nd or 3rd position loan that can be used for down payment or closing costs.
• 3% to 4% of the purchase price.
• No restrictions on the areas borrowers can purchase (California only).
• Allows buyer to come in with a 1% down payment on the 1st loan.

CalHFA School Program (Replaces the Extra Credit Teachers Program)

• Only one applicant needs to currently be employed in California K-12 public school, Charter school, county/continuation school or its district.
• 4% of the purchase price or appraised value, whichever is less.
• Silent Loan (no payments are made during the first 30 years).
• No restrictions on the areas borrowers can purchase (California only). 

• Program is to be used with an FHA Energy Efficient Mortgage.
• 4% of the loan amount that can be used above what the maximum allowed for a regular EEM Mortgage.
• Grant Program, funds do not have to be paid back.
• No restrictions on the areas borrowers can purchase (California only). 

GSFA Platinum

• Loan program that combines with a 3% to 5% grant (does not have to be paid back).
• No restrictions on the areas borrowers can purchase (California Only).
• This can be structured both as FHA or Conventional. 

• Dollar for dollar tax credit on the interest paid on the home.
• Helps buyers qualify for a higher purchase price. 

• Covers the difference between the purchase price and affordable price of the home.
• Borrower must contribute 5% of the purchase price; a portion may be from a gift.
• For Moderate Income households, money is forgiven if living in the home for 45 years. 

• Up to $161,000 in down payment assistance for Low Income Families (can be used for down-payment, closing and acquisition costs).
• Silent Loan for low income families.
• Available for any qualifying home within the incorporated City of Los Angeles.
• Funds can also be used for closing costs. 
• city inspection required
  TRIGGER EVENTS FOR REPAYMENT:
  • Sale of the home
  • Transfer of title
  • Payoff of 1st mortgage
  • Refinance (Refinancing of first mortgage is allowed under certain conditions)
  • Change of occupancy

• Up to $115,000 in down payment assistance for Higher moderate to Low Income Families.
• Silent Loan for above moderate income families (but there is still a limit).
• Available for any home within the incorporated City of Los Angeles.
• Funds can also be used for closing costs.

TRIGGER REPAYMENT EVENTS

• • Sale of the home
  • Change of occupancy
  • Payoff of 1st mortgage
  • Transfer of title
  • Refinance (Refinancing of first mortgage is allowed under certain conditions)

• Up to $60,000 in down payment assistance for Low or Moderate Income Families.
• Available only for home offered by RNLA.
• Funds can also be used for closing costs. 

• Up to $60,000 in assistance.
• Eligible for certain cities and all of the unincorporated areas of Los Angeles County.
• Silent Loan for low income borrowers.
• Buyer only required to come in with 1% down in most cases. 

• Dollar for dollar tax credit on the interest paid on the home.
• Helps buyers qualify for a higher purchase price. 

• Up to $55,000 for down payment assistance.
• Can be used anywhere within LA County Areas. 

• Up to $15,000 for down payment of closing costs.
• Grant that is forgiven after 5 years.
• It is a 3 to 1 matching program borrower needs to contribute $5,000 to receive $15,000.
• ALSO AVAILABLE FOR Orange County 

PROGRAMS AVAILABLE SPECIFIC TO CITIES WITHIN RIVERSIDE COUNTY

• 2 programs with the county (one is for foreclosed homes and the other regular sales).
• The money is forgiven after the affordability period, restrictions apply. 
• No down payment requirement, clients usually come in with 1% total.
  

• Dollar for dollar tax credit on the interest paid on the home.
• Helps buyers qualify for a higher purchase price.

• Up to $15,000 for down payment of closing costs.
• Grant that is forgiven after 5 years.
• It is a 3 to 1 matching program borrower needs to contribute $5,000 to receive $15,000.

• Up to $7,500 Grant that can be used for additional down payment.
• Home must be located in Riverside or San Bernardino County. 
• For Moderate or Low income families. 
• ALSO AVAILABLE FOR San Diego County 

NPHS Opportunity Down Payment Loan Program

• Up to $10,000 loan that can be used for additional down payment.
• Home must be located in Riverside, San Bernardino, or East Los Angeles County.
• For Low-income families.
• 5 year deferred, then start making payments at 25 year term with 3% interest. 

• Up to $15,000 for down payment of closing costs.
• Grant that is forgiven after 5 years.
• It is a 3 to 1 matching program borrower needs to contribute $5,000 to receive $15,000.

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