Extremely Low Down Payments in Sonoma County

Mortgage and Lending with First Priority Financial NMLS# 252190

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0.5% Down Payment in Sonoma County


The CHF Access Program provides a 3% loan to be coupled with an FHA 96.5% loan to be used for buying an owner occupied loan in Sonoma County.  The 0.5% low down payment from the buyer can come from a family gift, a 401k loan or from a downpayment assistance program like the City of Santa Rosa’s ADDI program.  There is an income limit of $96,240 of qualifying income for Sonoma County.  The terms of the second loan are 15 years fully amortizing at 8.25% rate.  On a $300,000 home purchase, the minimum down would be $1,500!  Total payment would be $2,142 including PITIMI&2ndP&I.

Here’s the sizzle and rub.



The minimum down payment of 0.5.% can come from a relative or 401k loan.

May own other property

High income limit of $96,240

SFR, PUD, FHA approved condos (FHA condo look-up https://entp.hud.gov/idapp/html/condlook.cfm )



Owner occupied only

FHA rate on first will be higher than normal market rate by about ½%

Single unit homes only

Max DTI 43%

No non-occupant co-borrowers allowed


Have you borrower call to qualify.  48 hour pre-approvals.


Fannie Mae 5% Down in Sonoma County is Back!


95% LTV loans are now insurable in Sonoma County without an income limit.  Mortgage insurance companies are now insuring these for our County, a good sign that values are not expected to decline further.  Minimum FICO 620 and 2 months of reserves are required.


For up-to-the-minute interest rates visit  www.sonomacountyhomeloans.com


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