California Housing Finance Agency (CalHFA) Forgivable Equity Builder Loan


Must be less than or equal to 80% AMI using the Fannie Mae Lookup Tool:

Maximum Amount

10% of Purchase Price


Forgivable loan at 10% of the sales price or appraised value, whichever is less. Amount forgiven over time at a pro-rated amount. Full amount is forgiven after 5 years. Term of loan will be the same as the 1st mortgage loan

Participating Lenders

Approved Education Providers

  • Homebuyer education and counseling is required for one occupying first-time homebuyer.
  • Certificates are good for one-year. Homebuyer education and counseling is not required for non-first-time homebuyer(s).
  • In-Person or Virtual Homebuyer Education through NeighborWorks America or through one of the HUD approved Housing Counseling Agencies

Program Provider Contact

Single Family Lending
p: 916.326.8033

Customer Service / Loan Production /Lender Training
p: 916.326.8033

Secondary Marketing
p: 916.326.8824

Mortgage Access System (MAS)