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
20% Down Payment Assistance
  • Shared Appreciation Down Payment Assistance loan with up to 20% in Assistance for Down Payment and Closing Costs
  • Avoid mortgage insurance by using the full 20% towards down payment
  • Update July 2023: program ran out of the initial round of funds on July 7, 2023. As of July 18, 2023, the Legislature passed, and Governor Gavin Newsom signed into law, the 2023-24 State Budget which provides $200 million for the CalHFA Dream for All Shared Appreciation Loan program
  • CalHFA will provide an update fall 2023 that will include a timeline for applications for Round 2
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!
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.

Both Akshay and Depac are CalHFA preferred loan officers. You can rest assured knowing that you’re in capable hands. We will guide you through each step of the process.

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Copyright ©2023 Shining Star Funding A division of American Pacific Mortgage LLC | NMLS ID # 1850 ( | 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.

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.

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