: A deferred-payment junior loan that provides up to 3% (for conventional loans) or 3.5% (for FHA/VA/USDA loans) of the purchase price for down payments or closing costs.
Navigating homeownership in California is a multi-step process involving specialized state-run assistance programs, strict eligibility requirements, and significant preparatory paperwork. The California Housing Finance Agency (CalHFA) is the primary state entity providing these resources. california home buying assistance
California offers several programs designed to reduce upfront costs for first-time buyers: : A deferred-payment junior loan that provides up
: 30-year fixed-rate mortgages that combine with the Zero Interest Program (ZIP) for closing costs. Steps to Buying a Home | CA Housing Finance Agency - CalHFA strict eligibility requirements