CalHFA Forgivable Equity Builder Loan

California Housing Finance Agency

Available Down Payment

About This Program

Provides a forgivable second mortgage of up to $30,000 to help first-time homebuyers with down payment and closing costs. Loan is forgiven at 20% per year over 5 years if borrower remains in the home.

Typical forgivable loan amount for down payment assistance

Key Details

  • Forgivable loan up to $30,000
  • 20% forgiven each year for 5 years
  • Must be first-time homebuyer
  • Used for down payment and closing costs
  • Combine with CalHFA first mortgage

How to Apply

Deadline: Ongoing subject to funding

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