12+ Loan Programs Tailored to Your Needs
Down Payment Assistance
CalHFA and local programs that help with upfront costs
Equal Housing Lender • Loans originated by Nick Petrosov (NMLS #2015537) through Guild Mortgage Company (NMLS #3274)
Licensed in California. This is not a commitment to lend. All loans subject to underwriting and credit approval.
Down Payment Assistance Overview
Down payment assistance programs can help reduce the upfront costs of homeownership through grants, loans, and other financial assistance options.
Key Program Details
Min Down Payment
$0+ (varies by program)
Min Credit Score
580+
Loan Limit
Varies by program
PMI/MIP Rules
Depends on primary loan type
Advantages
- Reduces upfront costs
- Can be combined with other loans
- Some programs offer grants (no repayment)
- Designed for first-time buyers
- Local and state programs available
Considerations
- Income limits apply
- Property location restrictions
- First-time buyer requirements
- May have purchase price limits
- Additional paperwork required
Who This Loan Is Best For
First-time homebuyers
Those with limited down payment funds
Low to moderate income borrowers
Buyers in eligible areas
People seeking government assistance
Quick Scenario Example
$600K purchase → $25K down ($10K borrower + $15K grant) → $3,310/mo P&I
$600K purchase
$25K down ($10K borrower + $15K grant)
$3,310/mo P&I
$600,000
Home Price
$25,000
Down Payment
$3,310
Monthly Payment (P&I)
5.625%
Interest Rate
Ready to Apply for Down Payment Assistance?
Let's discuss your options and get you pre-approved today.
What You Get:
Same-day pre-approval
Competitive rates
Local expertise
Fast closing
Personalized service