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California First Time Home Buyer Loans

California First Time Home Buyer Loans are loans with low down payment options

They are great products for people seeking to get their first home.

Fannie Mae HomePath 30 Year Fixed.

For California residents, this loan requires a 5% down payment with no private mortgage insurance or mortgage insurance, Additionally there is a minimum 660 credit score required. Visit HomePath for more information.

Fannie Flex 95% Financing Program.

This mortgage requires aproximately a 680 credit score to qualify. This mortgage loan requires single upfront mortgage insurance premium however there is no monthly private mortgage insurance for homebuyers in California.

My Community Plus First Time Home Buyer Program.

This mortgage loan requires a 3% down payment and 680 minimum credit score. If you are a teacher, nurse or health care worker, pharmacist, fireman, police officer, paramedic, or military personnel living in California you may receive a $500 credit toward closing costs. Visit Fannie Mae for more information.

FHA Kiddie Condo.

Parents can co-sign for son or daughter buying their first home in California. Also, other family members such as brother or uncle can co-sign on loan and even a friend who has long-standing relationship may be eligible.

Home Possible Community Lending Mortgage.

This home loan requires a 3% down payment and is for low-to-moderate income borrowers. There are flexible options if you are are a teacher, law enforcement, firefighter, healthcare worker, or military personnel/veteran in California. Visit Freddie Mac for more information.

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