: Starting March 1, 2026, all-cash purchases made by LLCs or trusts must be reported to the federal Financial Crimes Enforcement Network to combat money laundering.
: Minimums can be as low as 580 for a 3.5% down payment, or 500–579 with a 10% down payment. Down Payment : requirements to buy a home in california
: The California Dream For All program can provide up to 20% (capped at $150,000) for first-generation buyers, though it uses a randomized selection process and requires repayment of the grant plus a share of the home's appreciation. Debt-to-Income (DTI) Ratio : Most lenders prefer a DTI below 43%–50% . : Starting March 1, 2026, all-cash purchases made
California has introduced new transparency and reporting laws effective for 2026 transactions: Debt-to-Income (DTI) Ratio : Most lenders prefer a
FHA loans may allow up to in certain cases if you have strong compensating factors. Mandatory Legal & Property Requirements
Lenders in California typically evaluate your eligibility based on three main pillars: :
: Generally require at least 620, though scores of 660–680+ often secure better rates.