20 Percent Down Payment Assistance!!! Call 925-785-7851
Fantastic!!! California first-time home buyer loans
If you’re a California first-time home buyer with a 20% down payment, you can get a conventional loan with a low interest rate. And you never have to pay for private mortgage insurance (PMI).
Of course, few first-time buyers have saved a 20% down payment. Doing so could be especially challenging in California, where 20% of the average sales price is nearly $150,000.
But the good news is that you don’t need 20% down.
To qualify for any of CalHFA’s special mortgage loans, you’ll need to:
Be an eligible first-time home buyer
Complete a home buyer education course.
Have a minimum credit score of 660-680, depending on the program
Purchase a primary residence within the state of California.