I’m income eligible and I have savings, but I have a very low credit score. Will I still be able to buy one of HHP’s homes?

Possibly. HHP requires that you be able to secure 30-year fixed first-mortgage financing from a reputable lender. Since all buyers are required to make at least a 5% down payment, your first mortgage will need to be no greater than 95% of your Affordable Sales Price. Most people have trouble securing a first-mortgage loan in the appropriate amount with a credit score of less than 660. If you are interested in using any CalHFA down payment assistance programs, you will need a credit score of at least 660. Note that CalHFA down payment assistance is not available for all of HHP’s homes.