This program allows qualified, first-time home buyers to borrow up to 10% of a home’s purchase price, and have the debt forgiven if the buyer lives in the home for five years.

This loan can be applied to:

• Single-family homes
• Condominiums
• Manufactured housing
• PUD (planned urban development) homes
• Guest houses, granny units and in-law quarters

“We found that a lot of people have enough money to make a monthly payment on a mortgage, but they don’t necessarily have that money saved up to make the down payment”.

Eric Johnson with California Housing Finance Agency.

To learn more or apply, visit CalHFA.