CalPlus Conventional vs CalPlus FHA?

Calplus Conventional Vs Calplus Fha
Calplus Conventional Vs Calplus Fha

CalPlus Conventional vs CalPlus FHA?

Watch short clip below to find out...

CalPLUS FHA is an FHA-insured FHA first mortgage. It has a slightly higher 30-year fixed interest rate than our standard FHA program and is combined with CalHFA Zero Interest Program ZIP for closing costs.

You can review the sections below for more information about CalPLUS FHA.

CalPLUS FHA program

Program Eligibility

To determine whether you are eligible for the CalPLUS Conventional, please review the guidelines for Borrower as well as Property Requirements.

Borrower Requirements

  • You must live on the property as your primary residence. Non-occupant co-borrowers are prohibited.
  • CalHFA borrowers need to complete homebuyer education counseling. They also need to obtain a certificate from an eligible homebuyer counseling agency.
  • This program must meet CalHFA Income Limits

*The lender must adhere to the stricter guidelines in the event of conflicting guidelines.

Property Requirements

  • You can be a single-family residence with one unit, and include approved condominium/PUDs
    • In-law quarters, granny units, and guest houses may be eligible
  • Manufactured housing permits are allowed
  • Condominiums need to meet the guidelines for the first mortgage

*In the event of conflicting guidelines, the lender must adhere to the stricter.

CalPLUS FHA program

CalHFA Programs California


CalPlus FHA and CalPlus Conventional Interest Rate

What's the interest rate?
Your financial situation, lender fees, among other factors, will affect the interest rates you pay. Rates can change daily. To get a precise rate quote, we recommend you speak with Jason Whigham a who specializes in CalHFA products

CalHFA doesn't lend money directly to customers. CalHFA uses approved lenders to help consumers qualify and make mortgage loans. The fees that you pay may vary depending on which lender or program you are using. See an example of Annual Percentage Rates (APRs).

CalPLUS FHA program

Homebuyer Education Requirement

CalHFA believes that homebuyer counseling and education are crucial to homeowner success. It requires first-time homebuyers to receive homebuyer counseling through a CalHFA program.

Who must take this Homebuyer Education & Counseling course?

Only one can be a first-time borrower for each loan transaction.

How can I enroll in this counseling and education course?


CalPLUS FHA program

How to Apply 

How can I apply for the CalPlus Conventional or FHA loan program?

CalHFA is not an agent lender. Our mortgage products are provided by private loan officers who have been trained and approved by our Agency. These loan officers are available to help you learn more about CalHFA's programs and guide you through your home-buying process.

To contact a loan officer near you, visit the Find A Loan Officer tab.

What documents do I need to have with me when I contact Jason Whigham my loan officer in California?
This list of documents and information can be helpful for answering any questions you might have when you first contact a loan officer.

  • Pay stubs
  • Statements from banks
  • History of employment
  • Tax returns from the past

other DPA resources...

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