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Down Payment Assistance – PC

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TEXT OR TALK TO US ABOUT DOWN PAYMENT ASSISTANCE
Call (707) 361-4228
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Saving enough money to

BUY A HOME

Might feel impossible

DOWN PAYMENT ASSISTANCE

Makes the impossible

POSSIBLE.

Check Your Eligibility

AFFORDABLE

DEPENDABLE

POSSIBLE

We have a program that offers closing cost and down payment assistance that can reduce your out-of-pocket due at closing or reduce your monthly payment by covering your mortgage insurance with a one-time payment. Our fixed rates mean you'll know your payments for the life of the loan. Our lending heroes are qualified loan officers who specialize in our programs, with the answers first-time homebuyers need.

Call (925) 271-4751 to Check Your Eligibility for Down Payment Assistance

FREQUENTLY ASKED QUESTIONS

What is CalFHA? Expand

The California Housing Finance Agency was founded over 40 years ago and helps responsible borrowers, with good credit, purchase their first home by providing access to affordable first mortgages and down payment assistance. Even though CalHFA focuses on low to moderate income first-time homebuyers, it also has options for those who are already homeowners and looking to buy their next home.

What is a CalHFA loan? Expand

CalHFA offers an array of mortgage financing and down payment assistance. The combined DPA programs can provide up to 7.5% of the purchase price, with a maximum CLTV of 105%.

How is it different from an FHA loan? Expand

CalHFA is not a type of loan; CalHFA is the State’s affordable housing bank and it offers programs through our network of approved lenders. CalHFA purchases FHA or Conventional firsts and down payment assistance loans from these CalHFA-approved lenders. CalHFA’s DPAs are approved by FHA and Fannie Mae as community seconds.

Will a CalHFA loan slow down the loan approval process? Expand

A CalHFA first mortgage generally has a turnaround time at CalHFA of 3-4 business days for compliance review.  CalHFA loans have straightforward paperwork, quick processing and dedicated customer service. Many of CalHFA’s preferred loan officers have closed CalHFA loans within 30 - 45 days.

Are there any costs to the seller? Expand

There are no costs to the seller and with down payment and closing cost assistance, seller concessions may be reduced or even eliminated.

Why would a buyer use CalHFA? Expand

Many people have good credit and a steady job, but haven’t saved up enough for a private bank’s down payment requirement. CalHFA’s programs address the down payment and closing cost needs of those homebuyers.

Where can I get more info? Expand

You can visit CalHFA’s website at www.calhfa.ca.gov or call 877.922.5432.

Are the mortgage brokers/lenders familiar service providers? Expand

CalHFA has more than 100 approved lenders, Pacific Funding Group is proud to be an approved preferred partner with CalFHA.

Are CalHFA buyers less likely to close the sale? Expand

CalHFA buyers have solid credit scores and good incomes. They have undergone rigorous homebuyer education, so they are committed and ready to purchase.

For buyers offers using CalHFA, what is the impact to the seller? Expand

There’s minimal to no impact to a seller. There are quick turnarounds and no added costs. The biggest impact is a closed sale for you and a new home for a deserving buyer.

Let Us Help You Purchase Your New Home

CHECK YOUR ELIGIBILITY FOR DOWN PAYMENT ASSISTANCE

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Antioch CA Location

Pacific Funding Group
5123 Lone Tree Way
Antioch, CA 94531
T: (925) 634-6700
F: (925) 240-6000

Alamo CA Location

Pacific Funding Group
3189 Danville Blvd. Ste 225
Alamo, CA 94507
T: (925) 634-6700
F: (925) 240-6000

Stockton CA Location

Pacific Funding Group
343 E Main Street, Suite 904
Stockton, CA 95202
T: (925) 634-6700
F: (925) 240-6000

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Equal Housing Opportunity Lender. Not a commitment to lend. Rates and programs are subject to change. Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act.

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