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Direct Mortgage Loans Go Direct FHA 100% Financing

Statewide, California

Last verified
See what you qualify for
Assistance

0.035%

Of the purchase price, as the program sets it

Repayment

Deferred

No payments until the home is sold or refinanced

What is Direct Mortgage Loans Go Direct FHA 100% Financing?

Direct Mortgage Loans Go Direct FHA 100% Financing is a deferred second loan for homebuyers in Statewide, California.

  • FHA + 3.5% DPA second = 100% financing. Covers FHA's required 3.5% down payment.
  • FHA first mortgage paired with 3.5% second-loan DPA, achieving 100% effective financing on FHA-eligible properties.
  • Funding comes from Direct Mortgage Loans.

How much assistance does it provide?

Direct Mortgage Loans Go Direct FHA 100% Financing provides assistance worth 0.035% of the purchase price, as set by the program.

  • Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

Direct Mortgage Loans Go Direct FHA 100% Financing is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off.

  • Repayment is triggered by sale, refinance, or end of term.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Direct Mortgage Loans Go Direct FHA 100% Financing is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • A completed homebuyer education course, through Required - HUD-approved
  • Sourced via Homebuyer Wallet (NAT250035). FHA program — must meet FHA underwriting. 3.5% DPA provided as second loan (deferred or repayable depending on tier).

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

Direct Mortgage Loans Go Direct FHA 100% Financing sets its income limit as follows: Per FHA guidelines.

  • The limit applies to total household income, not only the borrower’s.
  • Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

Direct Mortgage Loans Go Direct FHA 100% Financing can be used for Single-family, Condo (FHA-approved), Townhouse, Manufactured (real property).

  • Manufactured homes are eligible.

Where does it apply?

Direct Mortgage Loans Go Direct FHA 100% Financing serves buyers purchasing in Statewide, California.

How do you apply?

Applications for Direct Mortgage Loans Go Direct FHA 100% Financing go through the administering agency.

  1. Take a homebuyer education course

    Required by the program, through Required - HUD-approved.

  2. Contact the administering agency to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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