CalHFA The CalHFA Equity Builder Loan program

BY: Jason Whigham
October 10, 2022


Sacramento first time home buyer
first time buyer







CalHFA The CalHFA Equity Builder Loan program (FEBL) is a 10% forgivable down payment assistance program for first-time homebuyers with low incomes in California. This program will help build equity in the home and create wealth for those in financial need.

California Housing Finance Agency ( CalHFA), which funds the Forgivable equity Builder Loan (FEBL), whose goal it is to provide affordable financing and support low- and moderate-income Californians through sustainable assistance programs.

The Forgivable Equity Building Assistance Program Highlights

Allowable First Mortgage – CalHFA Conventional FHA and USDA
Forgivable Equity Builder Loan Maximum 10% of the appraised value or sales price (whichever is lower).
Income Limit – Maximum 80% of AMI ( Income Checkup Tool).
Repayment FEBL is forgiven 100% if the borrower remains in the house for at least 5 years. 0% interest rate

– A pro-rated annual basis will be applied to loans that are paid off prior to 5 years.

Maximum CLTV – 105%
Additional DPA – Cannot be combined CalPLUS ZIP, MyHome Assistance

CalHFA Assistance Loan Qualifying Criteria

  • Do not own a home in the last three years.
  • Minimum Credit Score
    • FHA/VA-640 Score
    • Conventional – 680
  • Maximum Debt-to–Income Ratio
    • 45% = credit scores below 700 (and manufactured houses)
    • 50% = Credit scores above 700
  • Max County Loan Limit HERE
  • Types of Property
    • SFR / Condo / PUD / Manufactured
    • Primary Owner
    • 1 Unit Only
  • 1 year Home Warranty
  • CalHFA Homebuyer Course Requirements


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Sat 9:00 AM – 12:00 PM

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Call My-Down Payment Assistance 916-413-3967 - Team Whigham service all of Northern California and Southern California! Some areas included are: Sacramento | Natomas | Rosemont | Galt | New Castle | La Riviera | Rancho Cordova | Cameron Park | Fabulous Forties | Florin | Foothill Farms | Orangevale | Rio Linda | Elverta | Citrus Heights | Folsom | El Dorado Hills | Carmichael | Roseville | Lincoln | Loomis | Lodi | Antelope | Auburn | Granite BayWest Roseville | Sun City Lincoln | Sun City Roseville | Auburn | Penryn | Gold River | Land Park | East Sacramento | Elk Grove| Pocket Area | Davis | Woodland | Contra Costa County | San Francisco County | Antelope | San Diego County |  Alameda County | Yuba City | Ione CA | Jackson CA | North Highlands | Los Angeles County| Orange County | Long Beach | Los Angeles County | Placer County | El Dorado County | Amador County | San Diego County | San Bernardino County | Orange County | Alameda County | Sacramento County and many more in the Northern California and Southern California area.

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