CalHFA Conventional Down Payment Assistance Program

Family of 5 moving into new home

  • Loan Type: 30-year fixed mortgage
  • Loan-to-Value (LTV): Up to 97%
  • Maximum Loan Amount: Must stay within Fannie Mae’s county-specific limits
  • Income Limit (Orange County): Cannot exceed $253,000
  • Credit Score Requirements:
    • 700+ credit score: Qualifying ratio up to 50%
    • 680-699 credit score: Qualifying ratio up to 45%
    • Minimum credit score: 680
  • Down Payment Assistance:
    • 3% assistance provided as a second loan
    • ZERO interest on the second loan

This program is designed to make homeownership more accessible, offering flexible credit requirements and down payment support for first-time buyers.