Lending Programs

The Grow loan program makes purchasing or refinancing a home affordable. Available for first time home purchase and rate & term refinance of owner-occupied single-family residences/condos and 1 - 2 unit properties. Program details include:

• Competitive fixed rate
• As little as 5% equity on refinance transactions
• No mortgage insurance requirement
• Prior to closing on a first-time purchase, borrower must attend a homebuyer or landlord education session conducted by a HUD-approved counseling agency
• Maximum loan amount of up to $726,200 for single unit and $929,850 for two-unit properties
• Property must be located in a low or moderate-income census tract (designated by the FFIEC.gov website)
  or borrower(s) annual income must less than 120% of the Area Median Income
• Eligible properties must be located in specific California or Washington counties* 

When applying for a Grow loan for first time home purchase, borrowers may also take advantage of the Daisy
program which can reduce out of pocket closing costs and down payment to less than 1% of purchase price.

*California: Alameda, Contra Costa, Los Angeles, Marin, Orange, San Francisco, San Mateo, Santa Clara, Sonoma;
Washington: King, Pierce, Snohomish