CalPlus FHA

Down Payment Assistance

This is a down payment or closing cost assistance program. This program is a 3.5% loan of the total loan amount with no payments for 30 years  or until the first loan is refinanced or transfer.

Credit score: 660 minimum
Property type: SFR, PUD, Condo
Occupancy: Primary residence
Down Payment: 0.5% minimum
Loan to Value: 96.5%  CLTV:   105.00%
Gift Funds Allowed. No minimum buyer contribution.
Closing cost: Seller and/or lender can pay up to 6%
Debt Ratio: 45%
Income Limit: Income Limits Apply


The second is for 3% sales price with deferred payments at 3.25% rate.

Additional Notes:

  • Condos must be FHA approved
  • Lender-Paid Closing Cost program available
  • Impounds are required
  • Bankruptcy 2 yrs, Foreclosure 3 yrs, Short Sale 3 yrs. (Standard)
  • First time buyer not required. Must be primary residence.
  • Family size increases maximum loan amount
  • Household members are based on last year’s income taxes
  • Lender-paid closing cost available
  • 2 appraisals w/ home inspection on 90 day flips

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

All program are subject to change at anytime without any further notice


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