YOU MAY BE ELIGIBLE FOR 18 PROGRAMS AND UP TO $104,200 IN DOWN PAYMENT HELP
California Housing Finance Agency (CalHFA) MyHome Assistance Program
Effective for new reservations on or after January 1, 2025, CalHFA will follow the increased loan limits recently announced by Fannie Mae and FHA. The CalHFA maximum first mortgage base loan amount on the CalHFA VA will be the FHFA High Cost Loan Limit of $1,209,750.
Maximum Amount
Up to $18,235 (3.5% of Purchase Price)
Benefits
Deferred, low interest rate loan that can be used for down payment assistance and/or closing costs.
Can be combines with an MCC, however, MCC cannot be used to credit qualify.
Borrowers who own or have owned rental properties may be a first-time homebuyer if they can document that they have not occupied any of the rental properties as their principal residence at any time within the past three years.
No purchase limit.
203K Limited program now allowing up to $75,000
California Housing Finance Agency (CalHFA) CalPLUS FHA with Zero Interest Program (ZIP)
Effective for new reservations on or after January 1, 2025, CalHFA will follow the increased loan limits recently announced by Fannie Mae and FHA. The CalHFA maximum first mortgage base loan amount on the CalHFA VA will be the FHFA High Cost Loan Limit of $1,209,750.
Maximum Amount
Up to $15,630 (3.5% of Purchase Price)
Benefits
Deferred payment, zero interest rate, long term subordinate mortgage.
No borrower minimum contribution required.
Borrowers who own or have owned rental properties may be a first-time homebuyer if they can document that they have not occupied any of the rental properties as their principal residence at any time within the past three days.
Manual underwriting permitted as long as it isn't a 203(h) program or manufactured homes.
2-1 temporary buydowns permitted, but must meet FHA and master servicer guidelines.
No sales price limits.
203K Limited program now allowing up to $75,000 in rehab cost and an extended time from of 9 months for completion.
California Housing Finance Agency (CalHFA) CalPLUS with Zero Interest Program (ZIP)
Effective for new reservations on or after January 1, 2025, CalHFA will follow the increased loan limits recently announced by Fannie Mae and FHA. The CalHFA maximum first mortgage base loan amount on the CalHFA VA will be the FHFA High Cost Loan Limit of $1,209,750.
Maximum Amount
Up to $14,848 (3% of Total Loan Amount)
Benefits
Competitive rates.
Borrowers with income less than or equal to HomeReady's 80% Area Media Income (AMI) LI income limits are eligible for discounted Mortgage Insurance (MI) coverage and MI rates.
Deferred payment, zero interest rate, long term subordinate mortgage.
Guest houses, granny units and in-law quarters are eligible for financing under certain conditions.
No borrower minimum contribution required.
Fannie Mae Homestyle Energy is allowed.
Borrowers who own or have owned rental properties may be a first-time homebuyer if they can document that they have not occupied any of the rental properties as their principal residence at any time within the past three years.
California Housing Finance Agency (CalHFA) - Dream For All Shared Appreciation Loan
Effective for new reservations on or after January 1, 2025, CalHFA will follow the increased loan limits recently announced by Fannie Mae and FHA. The CalHFA maximum first mortgage base loan amount on the CalHFA VA will be the FHFA High Cost Loan Limit of $1,209,750.
Maximum Amount
Up to $104,200 (20% of Purchase Price)
Benefits
Home equity has proven to be one of the strongest ways for families to build and pass on intergenerational wealth and CalHFA is committed to improving equitable access to homeownership for all Californians. The Dream For All Shared Appreciation Loan (Shared Appreciation Loan) may only be used with a Dream For All Conventional first mortgage, providing first-time homebuyers with up to 20% of the home purchase price to be used for down payment and/or closing costs.
Deferred loan.
Up to 20% for the down payment and closing costs.
CBC Mortgage Chenoa Fund - FHA Forgivable DPA
Maximum Amount
Up to $26,050 (5% of Purchase Price)
Benefits
Assistance up to 5% of the sales price or appraised value, whichever is lower.
3.5% and 5% soft second has no payment, zero-interest, forgivable after 36 consecutive on-time payments on the FHA first mortgage (as long as never 60+ days late).
Alternatively, the mortgagee may begin amortization up to ten (10) days prior to the disbursement date and provide a per diem interest credit. Any per diem interest credit may not used to meet the Borrower's MRI. Per diem interest must be computed using a factor of 1/365th of the annual rate.
Additional properties owned permitted. A LOE may be required.
Interested Parties' contribution of up to 6% of the sales price is permitted, but must include any temporary interest rate buydowns in the calculation.
High Balance loans permitted with 3.5% DPA.
High Priced Mortgage Loan (HPML) transactions are allowed as long as CFPB & TRID requirements are met.
With AUS approval payment shock does not have to be calculated.
Forgivable second liens may qualify for subordination after the initial thirty-six (36) payments being made on the first mortgage. This applies for both the forgivable 3.5% DPA and 5% DPA.
CBC Mortgage Chenoa Fund - FHA Repayable DPA
Maximum Amount
Up to $26,050 (5% of Purchase Price)
Benefits
Assistance up to 5% of the sales price or appraised value, whichever is lower.
No income limits.
High Balance loans are permitted with 3.5% and 5% DPA.
High Priced Mortgage Loan (HPML) transactions are allowed as long as CFPB & TRID requirements are met.
Interest rate is the same as the 1st mortgage loan.
Additional properties owned permitted. A LOE may be required.
Interest Parties' contribution of up to 6% of the sales price is permitted, but must include any temporary interest rate buydowns in the calculation.
Alternatively, the mortgagee may begin amortization up to ten (10) days prior to the disbursement date and provide a per diem interest credit. Any per diem interest credit may not be used to meet the Borrower's MRI. Per diem interest must be computed using a factor of 1/365th of the annual rate.
Payment shock does not have to be calculated with AUS approval.
Orion Lending Aurora DPA - FHA Repayable Second Program
Maximum Amount
Up to $26,050 (5% of Purchase Price)
Benefits
Assistance up to 5% of the sales price or appraised value, whichever is lower.
5% option includes 1.5% towards closing costs.
Do not have to be a first-time homebuyer.
First time homebuyer is not required.
Eligible Borrowers must be one of the following: DACA, U.S. Citizens, Permanent resident aliens, Nonpermanent resident aliens, Non-Occupant Borrower (See section 3.19 for additional requirements).
Acceptable sources of funds for down payment and closing costs: borrower funds, gifts, grants, and Aurora second mortgages.
Manual Underwriting is permitted (except manufactured homes).
A Single-Family Residential Property with an ADU remains a one-unit Property. For any Property with two or more units, a separate additional Dwelling Unit must be considered as an additional unit.
Closing in trust permitted with Orion approval.
Concurrent homeownership allowed per FHA Handbook 4000.1.
Transferred Appraisals permitted.
Escrow holdbacks permitted by Orion on case-by-case basis and must be Pre-Approved.
Subordination on the Forgivable second is permitted after the initial thirty-six (36) payments on the first mortgage, if not forgiven.
High Balance permitted.
Equity Prime Mortgage (EPM) Empowered DPA Loan - 140% Income Limits
Maximum Amount
Up to $18,235 (3.5% of Purchase Price)
Benefits
Non-repayable Grant that is up to 3.5% of the purchase price.
6% Seller concessions permitted.
No resale restrictions.
Equity Prime Mortgage (EPM) Empowered DPA Loan - No Income Limits
Maximum Amount
Up to $18,235 (3.5% of Purchase Price)
Benefits
Non-repayable Grant that is up to 3.5% of the purchase price.
6% Seller concessions permitted.
No resale restrictions.
Orion Lending Aurora DPA - FHA Forgivable Second Program
Maximum Amount
Up to $18,235 (3.5% of Purchase Price)
Benefits
Assistance up to 3.5% of the sales price or appraised value, whichever is lower.
Assistance is forgiven, upon request, after making 36 consecutive and on-time payments.
First time homebuyer is not required.
Eligible Borrowers must be one of the following: DACA, U.S. Citizens, Permanent resident aliens, Nonpermanent resident aliens, Non-Occupant Borrower (See section 3.19 for additional requirements).
Acceptable sources of funds of down payment and closing costs: borrower funds, gifts, grants, and Aurora second mortgages.
Manual Underwriting is permitted (except manufactured homes).
A Single-Family Residential Property with an ADU remains a one-unit Property. For any Property with two or more units, a separate additional Dwelling Unit must be considered as an additional unit.
Closing in trust permitted with Orion approval.
Concurrent homeownership allowed per FHA Handbook 4000.1.
Transferred Appraisals permitted.
Escrow holdbacks permitted by Orion on a case-by-case basis and must be Pre-Approved.
Subordination on the Forgivable second is permitted after the initial thirty-six (36) payments on the first mortgage, if not forig
Orion Lending BOOST Fund - Repayable Second Program
USDA requires State Income Limits to be met:
https://www.rd.usda.gov/sites/default/files/rd-grhlimitmap.pdf
Maximum Amount
Up to $18,235 (3.5% of Purchase Price)
Benefits
Do not have to be a first-time homebuyer.
Minimum 580 FICO score with FHA financing.
No income limits with FHA financing.
Up to 3.5% of the purchase price of Appraised value (lesser of) for down payment and closing costs rounder to the nearest dollar.
Buydowns are permitted as long as fee simple and in the name of the individual borrower(s).
DACA permitted with FHA financing.
Permanent and Non-permanent Resident Aliens are permitted.
Non-Occupant Co-borrower is permitted with FHA financing.
Gift funds permitted for down payments and closing costs.
Payment shock - not applicable.
Underwritten In-House, by Orion, no secondary investor review/approval required.
Orion Lending BOOST Fund - Repayable Second Program
Maximum income and purchase price limits vary depending on 1st mortgage program chosen. The lender is responsible for reviewing specific 1st mortgage program guidelines for relevant details.
Lender is responsible for verifying borrower meets income and purchase price limits. Coverage Area reflects the Above 80% AMI limit requirements. for <= 80% AMI limits check the income limits on GSFA's website.
Maximum Amount
Up to $27,222 (5.5% of Total Loan Amount)
Benefits
Financial assistance up to 5.50%, to use for down payment and/or closing costs.
3.5% second mortgage with an optional up to 2% of gift funds.
Homebuyer doesn't have to be a first-time homebuyer to qualify.
Flexible income limits (low-to-moderate income).
Charter (reduced) MI Coverage levels when borrower income is less than or equal to 80% Area Median Income (AMI).
GSFA doesn't underwrite the loan.
No sales price limits.
Manufactured homes per Agency guidelines (maximum 95% LTV/TLTV ratios).
Golden State Finance Authority (GSFA) Platinum Down Payment Assistance - FHA/VA/USDA/HUD 184
Targeted Area Closing Cost Gift: (Effective 11/25/24) - FHA loans, an additional $5,000 gift for targeted census tracts may be available for closing costs assistance only.
Income Limits (based on county of property): Follow agency (FHA, VA, USDA) guidelines. Must meet all FHA, VA, USDA RD underwriting criteria.
Maximum Amount
Up to $24,747 (5% of Total Loan Amount)
Benefits
Up to 5% of the First Mortgage Loan Amount.
Do not have to be a first-time homebuyer to qualify.
No income limits. Follow agency guidelines.
No sales price limits.
Perfect credit not required. FICO scores as low as 640 can qualify.
Effective November 25, 2024, borrowers who are purchasing a home in Targeted Area Census Tracts through the GSFA Platinum Program will be eligible to receive an additional closing cost assistance gift or up to $5,000 on FHA mortgage loans.
Golden State Finance Authority (GSFA) Platinum Down Payment Assistance Program - HFA Advantage
Maximum income and purchase price limits vary depending 1st mortgage program chosen. The lender is responsible for reviewing specific 1st mortgage program guidelines for relevant details.
Lender is responsible for verifying borrower meets income and purchase limits. Coverage Area reflects the Above 80% AMI limit requirements. For <= 80% AMI limits check the income limits on GSFA's website.
Maximum Amount
Up to $24,747 (5% of Total Loan Amount)
Benefits
Up to 5% of the First Mortgage Loan Amount.
Homebuyer doesn't have to be a first-time homebuyer to qualify.
Flexible income limits (low-to-moderate income).
Charter (reduced) MI Coverage levels when borrower income is less than or equal to 80% Area Media Income (AMI).
Perfect credit not required. FICO scored as low as 640 can qualify.
No sales price limits.
Golden State Finance Authority (GSFA) Platinum Down Payment Assistance - FHA/VA/USDA
Targeted Area Closing Cost Gift: (Effective 11/25/24) - For FHA loans, an additional $5,000 gift for targeted census tracts may be available for closing costs assistance only.
Income limits (based on county or property): Follow agency (FHA, VA, USDA) guidelines. Must meet all FHA, VA, USDA RD underwriting criteria.
Maximum Amount
Up to $24,747 (5% of Total Loan Amount)
Benefits
Do not have to be a first time homebuyer to qualify.
Up to 5% of the first mortgage provided. 1.50% of which will be as non-repayable gift.
No GSFA income limits.
No purchase price limits.
GSFA doesn't underwrite the loan.
Borrowers with the following occupation in California are eligible for the Platinum "Select" feature, which provides DPA in the form of a non-repayable gift: Medical and Healthcare workers; Peace Officers, Sheriff, Border Patrol Agents, Correctional Officers, and others serving in a Law Enforcement capacity; Firefighters, CalFire, paramedic, and Emergency Medical Technicians (EMTs), including administrative staff that supports firefighters; or Current members of the California State Teachers Retirement System (CalSTRS) or University of California Retirement Plan (UCRP), employees of a California accredited Private, Charter or Public School District or California State University, Junior College or Private College, including school administration and staff.
Effective November 25, 2024, borrowers who are purchasing a home in Targeted Area Census Tracts through the GSFA Platinum Program will be eligible to receive an additional closing cost assistance gift or up to $5,000 on FHA mortgage loans.
California Housing Finance Agency (CalHFA) - Conventional
Effective for new reservations on or after January 1, 2025, CalHFA will follow the increased loan limits recently announced by Fannie Mae and FHA. The CalFHA maximum first mortgage base loan amount on the CalHFA VA will be the FHFA High Cost Loan Limit of $1,209,750.
Maximum Amount
N/A
Benefits
Competitive rates.
Borrowers with income less than or equal to HomeReady's 80% Area Median Income (AMI) LI income limits are eligible for discounted Mortgage Insurance (MI) coverage and MI rates.
Guest houses, granny units and in-law quarters are eligible for financing under certain conditions.
No purchase price limits.
Fannie Mae Homestyle Energy is allowed.
Borrowers who own or have owned rental properties may be a first-time homebuyer if they can document that they have not occupied any of the rental properties as their principal residence at any time within the past three years.
Homebuyer education and counseling is not required for non-first-time homebuyer(s).
California Housing Finance Agency (CalHFA) - Government
Effective for new reservations on or after January 1, 2025, CalHFA will follow the increased loan limits recently announced by Fannie Mae and FHA. The CalFHA maximum first mortgage base loan amount on the CalHFA VA will be the FHFA High Cost Loan Limit of $1,209,750.
Maximum Amount
N/A
Benefits
Guest houses, granny units and in-law quarters are eligible for financing under certain conditions.
No borrower minimum contribution required.
Borrowers who own or have owned rental properties may be first-time homebuyer if they can document that they have not occupied any of the rental properties as their principal residence at any time within the past three years.
Borrowers utilizing HUD 184 programs, 203(H) programs, or borrowers previous primary residence affected by natural disasters in California do not have to be first-time homebuyers. Refer to handbook for additional requirements.
Manual underwriting permitted with FHA loans (except 203(h)).
Manufactured homes permitted with FHA loans.
2-1 temporary buydowns are permitted as per FHA, VA, USDA and master servicer guidelines.
No purchase price limit.
203K Limited program now allowing up to $75,000 in rehab cost and
About Me - Claudia Duffle, Mortgage Loan Officer
Hi, I'm Claudia Duffle, a dedicated Mortgage Loan Officer passionate about helping individuals and families achieve the dream of homeownership. I specialize in down payment assistance programs, making it easier for first-time buyers and those needing financial support to secure a home with confidence.
I understand that buying a home can feel overwhelming, especially when navigating loan options and financial hurdles. That's why I'm here - to guide you every step of the way, ensuring you find the best solutions tailored to your needs. Whether you're concerned about credit, looking for grant opportunities, or need help understanding your options, I'll work closely with you to make the process smooth and stress-free.
My goal is simple: to help you turn your homeownership into a reality by removing financial barriers and providing expert, personalized support. Let's take this exciting journey together - I'd love to help you find your way home!
Office: 74967 Sheryl Ave. Palm Desert CA 92260
First West Financial, NMLS: 252853
Call 760-275-3281
Email: [email protected]
NMLS: 301874