Schedule a Call

DOWN PAYMENT

Assistance

Are you a first-time homebuyer interested in down payment assistance?

You have come to the right place. Here are some programs available from CalHFA and our other Down Payment Assistance program Partners

Shared Appreciation Loan

This program is not currently accepting new applications
Click the image for detailed guidelines and application info
Maximum shared appreciation loan amount is $150,000 or 20% of the sales price or appraised value, whichever is less

3% - 3.5% Down Payment Assistance

Provides assistance to cover the minimum down payment requirement for first-time homebuyers
Can be used to cover closing costs as well
No monthly payment for the down payment assistance
No equity sharing. Program charges 1% simple interest per annum due at an exit event (refinance, sale, end of loan term) – Ask us how this works!

Up to 2.5% of loan amount

Layering with MyHome will equal almost 5.5% in down payment assistance for conventional loans and 6% for FHA loans which can be used for down payment and/or closing costs
Must be combined with MyHome and either CalPLUS Access FHA or CalPLUS Access Conventional
No monthly payment for the down payment assistance
No equity sharing. Program charges 1% simple interest per annum due at an exit event (refinance, sale, end of loan term)

2% - 3% Closing Cost Assistance

Closing cost assistance only
Can be combined with MyHome Assistance program for both down payment and closing cost assistance

Other Down Payment Assistance Programs

Down Payment and/or Closing Cost assistance ranging from 3.5 – 5%
No first time homebuyer requirement
Add non-occupant co-borrower to qualify
Multifamily (2-4 Unit) properties are eligible for assistance

No Mortgage Insurance

Borrower contribution as low as 1% for 1 unit and 5% for 2 unit
1-2 Unit Properties
No mortgage insurance
Purchase only
640+ Credit Score
Owner Occupied Only
Loan Below County Conforming Loan Limit
Income Limits Apply

Find Out How Much You Can Afford

Our affordability calculator allows you to find your payment sweet spot based on your income, down payment, and loan scenarios.

You have questions, we have answers.

Together, we’ll find great mortgage solutions.
Schedule a talk with a loan advisor or leave a message. We’ll get back within one business day.

You can rest assured knowing that you’re in capable hands. We will guide you through each step of the process.

6101 Bollinger Canyon Rd #344, San Ramon, CA 94583
Toll Free Call : (866) 280-0020

Copyright ©2025 Shining Star Funding A division of American Pacific Mortgage Corporation | NMLS ID # 1850 (www.nmlsconsumeraccess.org) | CA-DRE #01215943 | 6101 Bollinger Canyon Rd #344, San Ramon, CA 94583 Phone (925) 820-2981 | Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act.|Not Available in New York

For informational purposes only. No guarantee of accuracy is expressed or implied. Programs shown may not include all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions may apply. Equal Housing Opportunity.
Interactive calculators are self-help tools. Results received from this calculator are designed for comparative and illustrative purposes only, and accuracy is not guaranteed. Shining Star Funding is not responsible for any errors, omissions, or misrepresentations. This calculator does not have the ability to pre-qualify you for any loan program or promotion. Qualification for loan programs may require additional information such as credit scores and cash reserves which is not gathered in this calculator. Information such as interest rates and pricing are subject to change at any time and without notice. Additional fees such as HOA dues are not included in calculations. All information such as interest rates, taxes, insurance, PMI payments, etc. are estimates and should be used for comparison only. Shining Star Funding does not guarantee any of the information obtained by this calculator.