Choosing a Mortgage Loan Product

We offer a wide range of mortgage loan products for buyers in all stages of wealth-building. To learn about our full list of products or get help choosing the best one for you, contact our Lending Experts.

Product Comparison* CalHFA Conventional VA FHA CalHFA-FHA Grow/Daisy FNMA

Is the loan federally insured?

No

Yes

Yes

Does the lender offer down payment** and/or closing cost assistance?

62

62

62

60

60

Are there limits on the amount of money I can access in the first 12 months?

Yes

Yes

Maybe

No

No

Borrowing cap

$679,650 or less

$679,650
or less

$4 million or less

$4 million or less

$6 million or less

Is there a mortgage insurance premium (MIP) that I have to pay?

Yes

Yes

No

No

No

Do non-FHA-approved condos qualify?

No

No

Yes

Some do

Some do

*This material is for educational purposes only and has not been reviewed, approved or issued by HUD, FHA or any government agency. The organization is not affiliated with or acting on behalf of or at the direction of HUD/FHA or any other government agency.  All information listed is subject to change without notice. Only a licensed mortgage loan officer can quote rates and terms. 
**To qualify for down payment programs, borrowers are required to attend our HUD-Approved Advanced Home Buyer Education Course and complete a pre-purchase home buyer development session with one of our Home Ownership Advisors. All programs are based on household income eligibility and need. All funds are on a first-come, first-serve basis with a fully executed purchase contract.

Do you have more questions? Contact a Lending Expert today!

Meet Our Team