Access Program 1-2 Units

This is a down payment or closing cost assistance program. It is a small second loan for up to 3% of sales price. This program is for low and moderate income with applicable income restrictions.  FHA guidelines will apply but are superseded by the guidelines below.


Credit score: 620 minimum
Property type: SFR, PUD, Condo ( 2 units with 640 min. score )
Occupancy: Primary residence
Down Payment: 1% minimum
Loan to Value: 96.5%  CLTV:   99.5%
Gift Funds Allowed. No minimum buyer contribution required.
Closing cost: Seller and/or lender can pay up to 6%
Debt Ratio: 43%     Max. 46/56% with compensating factors
Income Limit: $85,680 in Los Angeles County


Second loan is payable at 8.25% rate for 15 years

Additional Notes:

  • Condos must be FHA approved
  • Lender-paid closing cost available
  • Unpermitted additions are not given value
  • Bankruptcy 2 yrs, Foreclosure 3 yrs, Short Sale 
  • First time buyer not required. Must be primary residence.
  • Income is based on borrower(s) income, not household income
  • 580 credit score available
  • 2 appraisals w/ home inspection on 90 day flips
  • Impounds are mandatory on all government loans
  • 2/1 Buy down allowed. Can be paid by seller.

This page contains program highlights only. See sidebar links for further information and details.

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