Forgivable Equity Builder Loan

CalHFA's flagship down payment assistance program. Provides a deferred-payment junior loan of up to 3.5% of the purchase price (paired with an FHA first mortgage) or up to 3% (paired with a CalHFA conventional first mortgage) to cover down payment and/or closing costs. No monthly payments; the loan becomes due when the first mortgage is paid off, refinanced, or the home is sold.

A CalHFA shared appreciation loan providing up to 20% of a home's purchase price toward the down payment. No monthly payments are required on the assistance, but when the home is sold or refinanced, the borrower repays the original amount plus a share of any appreciation in the home's value. Subject to program funding availability and reopens periodically.