Down payment assistance can pair with FHA or Conventional — here’s how.
Programs like CalHFA’s MyHome Assistance help cover your down payment and closing costs, layered on top of a qualifying first mortgage — from a broker who’s worked this market since 2007.
Equal Housing Opportunity
Familiar with down payment programs. Familiar with this market.
Saving a full down payment is one of the biggest hurdles for buyers across the Greater Los Angeles area — Los Angeles, Orange, Riverside, and San Bernardino Counties. Down payment assistance programs exist specifically to close that gap, and we work with them regularly.
This program is available for properties located in California only.
How down payment assistance actually works.
Down payment assistance (DPA) isn’t a standalone loan — it’s a second, deferred-payment loan or grant that pairs with a qualifying first mortgage, which can be FHA-insured or Conventional depending on the specific program. California’s flagship program, CalHFA’s MyHome Assistance Program, offers a deferred-payment junior loan of up to 3.5% of the purchase price when paired with a CalHFA FHA-insured first mortgage, or up to 3% when paired with a CalHFA Conventional first mortgage, to help cover your down payment and/or closing costs. Because it’s deferred, there are no monthly payments on the assistance itself — it’s repaid when you sell, refinance, or pay off the property.
What DPA programs generally require.
- Pairing with a qualifying first mortgage from an approved program — FHA or Conventional, depending on the specific DPA program.
- First-time homebuyer status, for most state-level programs.
- Occupying the property as your primary residence.
- Completing an approved homebuyer education course.
Exact requirements, available amounts, and program terms vary by program and change over time — we’ll confirm what you currently qualify for. Equal Housing Opportunity Lender.
What the process generally looks like.
- Confirm the fit. We review which first-mortgage type — FHA or Conventional — and which DPA program you may qualify for.
- Pre-qualify. For the first mortgage and the assistance program together, not separately.
- Documentation, homebuyer education, and underwriting. DPA programs have their own paperwork on top of the first mortgage’s.
- Close. Clear updates the whole way.
General process description only — not a commitment to lend.
Get pre-qualified for down payment assistance.
Rates, programs, and terms are not guaranteed and are subject to borrower qualification and final lender approval. This is not a commitment to lend.
This program is available for properties located in California only.
Nationwide Funding Group Corp, a licensed mortgage lender and mortgage broker | 350 S Crenshaw Blvd, Ste A206A, Torrance, CA 90503 | (310) 961-9750 | NMLS #98906 | CA DRE Corporation License #01801836 (licensed, active, since 2007) | Broker of Record: Alexander J. Gonzalez | NMLS #98329 | CA DRE #01384006 | Equal Housing Opportunity | NMLS Consumer Access → | Licensing & Disclosures | Privacy Policy | Terms of Use | Accessibility Statement | This is not a commitment to lend. All loan programs are subject to borrower qualification, property eligibility, and lender approval, and are not guaranteed.