New California program lets first-time homebuyers borrow down payment at 0% interest

Loans for unique situations

If a traditional home loan doesn’t fit your style, MKG Enterprises Corp has other options that may suit your needs.

First-Mortgage Down Payment Assistance Programs

• Minimum down payment of 0% to 3%

• Down payment can be a gift

• Minimum FICO® Score of 640

• Loan amounts up to $647,200


Mortgage Loan Officer

Marshawn Govan NLMS ID 1370676

California Forgivable Equity Builder Loan

Home equity has proven to be one of the strongest ways for families to build and pass on intergenerational wealth and CalHFA is committed to improving equitable access to homeownership for all Californians. 

The Forgivable Equity Builder Loan gives first-time homebuyers a head start on this with immediate equity in their homes via a loan of up to 10% of the purchase price of the home. The loan is forgivable if the borrower continuously occupies the home as their primary residence for five years

“Interest rates on the CalHFA first mortgage will vary depending on your financial circumstances, lender fees, and other factors. Interest rates can also change daily. 

The Forgivable Equity Builder Loan is a forgivable subordinate loan program that may only be used with a CalHFA first mortgage.

Borrower Requirements

Be a first-time homebuyer

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.

Property Requirements

Be a single-family, one-unit residence, including approved condominium, planned unit developments

Guest houses, granny units and in-law quarters may be eligible

Manufactured housing is permitted

Condominiums must meet the guidelines of the first mortgage

Choose the Best Mortgage Option Right For You.

First-Time Homebuyers Down Payment Assistance

Work with the most popular down payment assist programs in California.

Contact Loan Officer


Phone (559) 337-5990

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About your host

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Marshawn Govan

MKG Enterprises Corp Third-Party Originator NLMS 1370394 is a diversified digital finance company focusing on serving low-income and moderate income communities while promoting equal and fair access to homeownership to first-time home buyers and existing homeowners FHA, Conventional, VA, Jumbo loans, Non Qualified Mortgage loans, DSCR.

The company provides mortgage loans, down payment assistance, auto, home, life insurance, secured personal loans and tax refund advances. The goal is to help underprivileged and underbanked families access credit to affordably finance auto loans, home improvements, home solar systems, down payments, investment and paying off debts.