CONVENTIONAL= 10% down payment on Conforming loans with a 720 plus credit score. Loan amounts up to $729,750 and as low as 5% down payment on Single Family Residence with loan amount under $417,000.
CALSTRS= 3 % down payment with a combo loan of 80/17 to avoid mortgage insurance. Second mortgage payment deferred for 5 years. Must be a CAL STRS member.
CALPERS= 5% down payment with option to use Pers funds as down payment up to $18,412. Maximum First Mortgage of $350,000. Must be a member.
FHA= 3.5% down payment, No Reserves Required, 620 credit score, loan amounts up to $729,750. (seller contribution up to 6%).
CHF Access= Maximum Financing up to 99.5% CLTV, No minimum borrower contribution, No minimum Fico is required (may be subject to lower DTI and higher rate & fees), Income Limitation.
