Complete the short questionnaire above to determine which down payment assistance program is the best fit for your situation. A loan professional at Diamond Residential Mortgage Corporation will review the information you submit and guide you to the best loan solution.
After you select the best option for you, fill out our questionnaire, and let our loan professionals guide you through the process from start to finish.
We are an approved lender with the California Housing Finance Agency (CalHFA). We offer a number of excellent down payment assistance programs through CalHFA.
Most people borrow the large amount of money they need to buy a home. This type of borrowing is called a first mortgage loan. There are also mortgage loans that can help out with down payment or closing costs, called junior loans.
CalHFA has first and junior loan options for low to moderate income families, including low to zero interest rate down payment assistance loans.
CalHFA Government Loans (FHA): MyHome offers a deferred-payment junior loan of an amount up to the lesser of 3.5% of the purchase price or appraised value to assist with down payment and/or closing costs.
CalHFA Conventional Loans: MyHome offers a deferred-payment junior loan of an amount up to the lesser of 3% of the purchase price or appraised value to assist with down payment and/or closing costs.
Home equity has proven to be one of the strongest ways for families to build and pass on intergenerational wealth and CalHFA is committed to improving equitable access to homeownership for all Californians. The Forgivable Equity Builder Loan gives first-time homebuyers a head start on this with immediate equity in their homes via a loan of up to 10% of the purchase price of the home. The loan is forgivable if the borrower continuously occupies the home as their primary residence for five years
The Forgivable Equity Builder Loan is a forgivable subordinate loan program that may only be used with a CalHFA first mortgage.