Apply Now

CalPLUS with Zip Down Payment

CalPLUS with Zip Down Payment Assistance
Purchase a Home with Little or No Cash*

We are now offering the CalPLUS home loan program and Zip down payment assistance program, for eligible homebuyers to purchase a home with no cash out-of-pocket down payment required*.

The Zip is a second loan with a zero percent interest rate! There are no payments due for the life of the first loan or until the property is sold or transferred, or if you refinance.

  • CalPLUS Conventional Loan Program Option:
    • Your new first loan amount is based on conventional loan guidelines for the sales price or appraised value, whichever is lower*
    • Second loan (ZIP LOAN) with a zero percent interest rate
  • CalPLUS FHA Loan Program Option:
    • First loan amount up to the maximum FHA guidelines or the lower of the sales price or appraised value*
    • Zip second loan with a zero percent interest rate
  • No first-time homebuyer requirements
  • Maximum loan amounts are based on CalHFA’s sales price limits established for each county*
  • Maximum buyers income limits based on CalHFA’s published family income guidelines
  • Homebuyer Education course is required for at least one occupying borrower

We arrange but do not make some loans.

*Restrictions apply. Contact Doug Bullwinkel for details. Program guideline information may change without notice. Please Contact Doug Bullwinkel by email:  or call (800) 636-8910 for the latest program guidelines.