CalPlus Conventional vs CalPlus FHA? Best Down Payment Assistance Programs in California

BY: Jason Whigham
June 2, 2022


Calplus Conventional Vs Calplus Fha

CalPlus Conventional vs CalPlus FHA?

Watch short clip below to find out…


CalPlus Conventional plus CalPlus FHA

CalPLUS FHA Program is an FHA insured first mortgage that has a slightly higher fixed rate over our standard FHA program. This program can be combined with the CalHFA zero interest program (ZIP), to reduce closing costs.

To learn more about CalPLUS FHA, please review the sections below.

CalPlus FHA Program



CalPlus Conventional plus CalPlus FHA Program Eligibility

For both Borrower requirements and Property requirements, you can review the following guidelines to see if you might be eligible to apply to the CalPLUS Conventional.

Loaner Requirements

  • The property can only be occupied as a primary residence.
  • CalHFA borrowers are required to complete homebuyer educational counseling and receive a certificate of completion from an eligible homebuyer counselling organization.
  • CalHFA income limit required for this program.

*In the event that conflicting guidelines exist, the lender should follow the restrictive one.


  • A single-family, one-unit residence that includes approved condominium/PUDs
    • You may be eligible to rent guest houses, granny apartments or in-law suites.
  • Manufactured housing may be permitted
  • Condominiums must comply with the guidelines of the first mortgage

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


CalPLUS FHA Program

New California Program Lets First Time Homebuyers Borrow Down Payment At 0% Interest


CalPlus Conventional and CalPlus FHA Interest Rate

What is your interest rate?

Rates of interest can vary depending on financial conditions, lender fees and other factors. Interest rates are subject to change every day. For an accurate rate quote on this program, we recommend that you contact a CalHFA approved loan officer.

CalHFA does NOT lend money directly. CalHFA only works with approved lenders and qualifies consumers to obtain mortgage loans. Check out an example of annual percentage rates (APRs).


CalPLUS FHA Program


CalPlus Conventional and CalPlus FHA Education Requirement

CalHFA strongly believes that homebuyer education is crucial for homeowner happiness. Therefore, CalHFA requires homebuyer education for all first-time homebuyers who are enrolled in a CalHFA program.

Who is required to complete this Homebuyer Education Counseling course?

Only one is allowed to be the first borrower in each loan transaction.

What is the best way to take this counseling and education course?

  • ONLINE eHome’s eight-hour Homebuyer education and Counseling course are the only courses that CalHFA will accept. Frameworks and other online courses are not acceptable as they don’t offer 1-on-1 counseling.
  • INPERSONAL or VIRTUAL: Live homebuyer Education and Counseling in person or virtually. Your loan officer will get you access to the homebuyer education website.(Fee: The cost varies depending on the agency)


CalPLUS FHA Program


Apply For CalPlus Conventional plus CalPlus FHA Down Payment Assistance in California

How can you apply for CalPlus Conventional or CalPlus FHA Loan program?

CalHFA does not offer mortgage products directly. Instead, private loan officers have been trained and approved for our Agency’s mortgage products. These loan officers can assist you in the home buying process and provide information about CalHFA programs.

For assistance in finding a loan officer in your region, please visit the Locate a Loan Officer tab.

Sacramento California Mortgage Broker
Sacramento California Mortgage Broker









Jason Whigham


NMLS# 1448396


How do I contact Jason Whigham your loan officer in California, to get a home loan and associate your down payment assistance product (CalPlus FHA or CalPlus Conventional?

You may need this list of documents to assist you in answering the questions they might ask you when you first contact a lender.

  • Pay stubs
  • Statements from the bank
  • Employment history
  • Previous tax returns

Leave a Reply

Your email address will not be published.

Get started in minutes...

Speed matters. Which is why you can start your estimate today. Without affecting your credit score.
Won't affect your credit score.


Call Customer Service: 916-413-3967
Mon-Fri 8:00 AM – 6:00 PM PST
Sat 9:00 AM – 12:00 PM



Call Customer Service: 916-413-3967
Mon-Fri 8:00 AM – 6:00 PM PST
Sat 9:00 AM – 12:00 PM

For CA First Time Home Buyers Loan Officers

Team Whigham Serving all of California Residence - Sacramento, Roseville, Folsom, El Dorado Hills, Rocklin, Davis, Granite Bay, Loomis, Auburn, El Dorado, Placer County, El Dorado County, Sacramento County and Surrounding areas Call us for more information 916-413-3967

First Time Home Buyer Programs In CA - Northern California And Southern California

  • First Time Home Buyer California
  • Down Payment Assistance In California

© 2022 Brought to you by Jason Whigham - Barrett Financial L.L.C. Loan Officer In Sacramento CA - NMLS# 1448396
Privacy Policy | Terms of Use | Accessibility Disclaimer

CA Areas Serviced

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.
Skip to content