The CalPLUS Conventional 6% Down Program is a powerful option for first-time homebuyers in California looking to reduce upfront homebuying costs. This program offers a 30-year fixed-rate conventional loan paired with CalHFA’s Zero Interest Program (ZIP), which provides a loan of up to 3% of the first mortgage amount to help cover closing costs. When combined with the MyHome Assistance Program, buyers can receive an additional 3% toward their down payment—bringing the total assistance to 6%.

This program is ideal for buyers with moderate income and decent credit who plan to live in the home as their primary residence. Eligible properties include single-family homes, condos, and manufactured homes that meet CalHFA guidelines. Homebuyer education is required, helping participants make informed decisions while preparing for homeownership.

With no first-time buyer income limits in certain areas and the ability to stack multiple assistance programs, the CalPLUS Conventional option makes it easier for Californians to enter the housing market. Buyers benefit from predictable fixed payments, reduced cash-to-close, and the financial flexibility to purchase a home without draining their savings.