Down Payment Assistance Programs
We have several types of this program. One of them is called Calhfa (California Housing Finance Agency) and it is a 3-loan program. The first loan can be either Conventional or FHA loan, the second loan covers down payment, and the third loan covers most of the closing costs up to a total of 105% combined loan to value. We also have a FHA Grant Program that will cover the down payment and it is not repaid, but it does not cover closing costs.