This comparison highlights key differences between standard FHA Down Payment Assistance (DPA) programs and CalHFA FHA DPA
| Category | FHA DPA | CalHFA FHA |
|---|---|---|
| Loan Type | FHA 30-Year Fixed with mandatory 2nd lien DPA options | FHA 30-Year Fixed with mandatory DPA programs (MyHome, ZIP, MyAccess) |
| Max LTV/CLTV | 96.5% LTV + up to 5.0% DPA = 101.5% CLTV | 96.5% LTV / 105% CLTV |
| Min Credit Score | 620 DU / 660 Manual | 640 DU / 660 Manual |
| Max DTI | Per AUS or 45% for Manual | 45% (DU <700) / 50% (DU ≥700); Manual max 43% |
| Property Type | SFR, Condo, Townhouse, Double-wide Manufactured | SFR, Condo, Manufactured (with restrictions) |
| Borrower Eligibility | US Citizens, Permanent Residents | US Citizens, Permanent Residents |
| First Time Homebuyer | Not a requirement | Required |
| Occupancy | Primary Residence only; non-occupant co-borrowers allowed | Primary Residence only; non-occupant co-borrowers NOT allowed |
| Location Restrictions | Nationwide (excluding NY) & forgivable not allowed in WA | California only |
| Homebuyer Education | Required for at least one borrower | Required for at least one borrower |
| Subordinate Financing | 3.5 & 5% DPA (2nd lien options: zero interest forgivable or amortized) | Multiple DPA option between 3.5-5.5%: MyHome (3.5%), ZIP (2-3%), MyAccess (2.5%) |
| Manual Underwriting | Allowed with 660+ score and 45% DTI limit | Allowed but not for Manufactured Homes; max 43% DTI |
| Temporary Buydowns | Allowed 2:1; seller/builder funded | Allowed 1:0 or 2:1; seller/builder funded |
| Income Limits | None | Income Limits based on County |
