Looking for just the state housing loan program home loan programs in Merced County, CA that fit your unique situation? Start your free personalized mortgage review by clicking here.
Special Programs for State Housing Loan Program
These additional loan programs available in Merced County, CA may provide help for down payment and closing costs, qualification for borrowers who don't fit the traditional mold, and unique portfolio programs for special situations.
CalHFA FHA Loan
Best For: First Time Homebuyers, Low Down Payments, Lowest Rates
FHA program for California residents with below market interest rates and down payment assistance options.
Min. Credit Score
640
Min. Down Payment
3.5%
Max. Loan Amount
$472,030 - $1,089,300
CalPLUS with ZIP FHA Loan
Best For: First Time Homebuyers, Low Down Payments, Low Credit Scores
The CalPLUS FHA program is an FHA loan paired with the CalHFA Zero Interest Program (ZIP) for closing costs.
Min. Credit Score
640
Min. Down Payment
3.5%
Max. Loan Amount
$472,030 - $1,089,300
CalHFA MyHome Assistance Program
Best For: First Time Homebuyers, Zero Down
The CalHFA MyHome Assistance Program provides up to 3% in down payment assistance in the form of a deferred payment mortgage.
Min. Credit Score
680
Min. Down Payment
0%
Max. Loan Amount
$1,089,300
Up to 3.00% of 1st Loan Amount Program Benefit Amount
GSFA OpenDoors® Program - Conventional
Best For: First Time Homebuyers, Low Down Payments, Zero Down
The GSFA OpenDoors® Conventional Program provides up to 7% in assistance as a deferred second mortgage with 0% interest and no monthly payments.
Min. Credit Score
620
Min. Down Payment
0%
Max. Loan Amount
$726,200
Up to 7.00% of 1st Loan Amount Program Benefit Amount
GSFA Platinum® Standard Program
Best For: First Time Homebuyers, Zero Down
GSFA Platinum® Standard Program provides up to 5% in down payment assistance as a standard second mortgage with repayment.
Min. Credit Score
640
Min. Down Payment
0%
Max. Loan Amount
$726,200
Up to 5.00% of 1st Loan Amount Program Benefit Amount
* Some loan programs may not be offered by all featured lenders of ReviewMyMortgage.com and qualification guidelines may vary between them. Our team makes their best effort to keep loan program information up to date. Loan programs may change without warning. ReviewMyMortgage.com does not guarantee or offer any loan products. ReviewMyMortgage.com is strictly an educational resource hub for consumers.
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