No Down Payment Programs

Usha Chanani Team is dedicated to making home ownership affordable for Californians in Concord, Pittsburgh, Martinez, Hercules, Richmond, Tustin, Artesia, Laguna Hills, Anaheim and all of East Bay(Contra Costa County) and Orange County! Whether you are a first time home buyer, or simply looking for a NO down payment option, There are several options available and guaranteed by different agencies.

CalHFA  – This Program is an FHA-insured loan featuring a CalHFA 30 year fixed interest rate first mortgage. Occupy the property as a primary residence; non-occupant co-borrowers are not allowed. CalHFA borrowers must complete homebuyer education counseling and obtain a certificate of completion through an eligible homebuyer counseling organization.Meet CalHFA income limits for this program. Sales price of the home cannot exceed CalHFA’s sales price limit. Contact us for more information about CalHFA loan.

USDA -A USDA loan is special type of a zero down payment mortgage that eligible homebuyers in rural and suburban areas can get through the USDA Loan Program, which is backed by the United States Department of Agriculture (USDA). This program assists low- and moderate-income households the opportunity to own their primary residence.  Must meet income-eligibility  Contact us to see if you qualify.

DPA – First Mortgage must meet FHA Guidelines and it is a Fixed Rate mortgage. to meet 3.5% down payment a second Loan may be approved, Different investors have

different guidelines, Contact us for detailed information.

Down payment assistance increases your purchasing power by leveraging capital, meaning you make little to no payments, and allows you to qualify for a home loan even with a low or no down payment.

GIFT FUNDS – Relatives, Employers can gift 3-3.50% of Down Payment to meet the FHA Guideline. Check if you have access to gift Funds to qualify for mortgage.

The Usha Chanani Team works with home buyers across all of Orange County,  Contra Costa County , Los Angeles and Riverside County, Cities including Pittsburgh, Concord, Martinez, Richmond, Hercules, Riverside, Tustin, Artesia, Laguna Hills, Anaheim and more! For more information on this program, you can contact us at (510) 345-3004 or simply fill out the form to the right.