Home Purchase Loans in California
HappyDog provides a variety of mortgage loan options to meet the unique needs of our homebuyers. We understand selecting the right loan product can be overwhelming; however, our mortgage professionals will provide tailored advice to help you make the best decision for you and your family.
Conventional Loan
If you have good credit and stable income, a Conventional loan might be the right option for you, since Conventional loan programs traditionally offer more options to the borrower.
Highlights of Conventional loans include:
- Lower interest rates for borrowers with good credit
- Fewer penalties and fees
- Down payments that range from 3%–20%
Down Payment Assistance
Buying a home for the first time can feel like a big leap, especially in California where home prices can be intimidating. But don’t worry—there are several programs available that can help make homeownership more accessible and affordable. Including but not limited to:
- CalHFA, VA & USDA Loans
- MyHome Assistance Program
- GSFA Platinum Program
- GSFA Golden Opportunities Program
FHA Mortgage Loan
The FHA was formed in 1934 to spur greater homeownership numbers in the U.S. The FHA mortgage loan is designed to help low- to moderate-income families attain homeownership.
Highlights of FHA mortgage loans include:
- Low down payment requirements
- Flexible income and credit requirements
- The ability to use gift funds from a relative or employer for the down payment
Refinance Loan
A refinance loan may be the right decision for you if your home’s value has significantly increased or current interest rates are considerably lower than they were when you purchased your home.
Highlights of refinance loans include:
- The ability to shorten your loan’s term to save money
- The possibility to attain a lower interest rate
- The option to combine a first and second lien to a single loan for simplicity and possible savings
- The ability to access your home’s equity
Jumbo Mortgage Loan
Jumbo mortgage loans are ideal for borrowers with good credit who don’t have enough funds on hand to bring the home loan amount under the FHFA’s current conforming loan limit.
Highlights of Jumbo mortgage loans include:
- Higher purchase limits
- The ability to purchase more home
- Options for primary residences, second homes or rental properties
Reverse Mortgage Loan
Reverse mortgage loans can be used to turn a portion of the equity in your home into cash that can be used for many different purposes that may enhance and extend your retirement.
Highlights of reverse mortgage loans include:
- The ability to turn a portion of the equity in your home into cash
- The option to eliminate your monthly mortgage payment
USDA Mortgage Loan
USDA mortgage loans provide affordable financing options for properties located in designated small towns, suburbs and exurbs. This program helps eligible low- to moderate-income families achieve homeownership by offering a no-down-payment option.
Highlights of USDA mortgage loans include:
- The ability to finance up to 100% of the appraised value
- The ability to finance the up-front portion of the guarantee fee
- Lower credit score requirements
- Lower interest rates
- Lower closing costs
- The ability to use gift funds for closing costs
- 30-year fixed-rate mortgage terms
VA Mortgage Loan
VA mortgage loans provide affordable home financing options for eligible service members, veterans and surviving spouses. Here at Fairway, we are proud to help our service members and veterans achieve the American dream of homeownership.
Highlights of VA mortgage loans include:
- No prepayment penalties
- No private mortgage insurance (PMI)
- 100% financing with full VA entitlement*
- Fixed- and adjustable-rate mortgage options
- VA financing fees that can be lumped into the total loan amount
- A variety of eligible property types, including townhomes and VA-approved condos
Fixed-Rate Mortgage Loan
Fixed-rate mortgage loans can be a Conventional mortgage loan, an FHA mortgage loan, a VA mortgage loan, a USDA mortgage loan, a Jumbo mortgage loan — any of these!
Highlights of fixed-rate mortgage loans include:
- Interest rates that don’t fluctuate
- The ability to avoid rising rates in the future
- The option of 10-, 15-, 20-, 25- and 30-year loan terms
Adjustable-Rate Mortgage Loan
An adjustable-rate mortgage loan (ARM loan) might be the right option for you if you plan to move within seven years, since they feature lower introductory interest rates.
Highlights of adjustable-rate mortgage loans include:
- Lower initial monthly payments
- The ability to qualify for higher loan amounts
- Fluctuating rates and payments
Physician Loan Mortgage
Medical professionals have a unique set of challenges with homeownership. Fairway mortgage advisors know the ins and outs of helping medical professionals apply for physician loans.
Highlights of physician loan mortgages include:
- The ability to ignore student loans when calculating your DTI
- Low down payment options
- Flexible closing dates
Your Path to Homeownership Starts Here
Buying a home is one of the most meaningful milestones in life, and at HappyDog, we’re here to make it simple, transparent, and stress-free. Our fixed-rate home loans give California homebuyers peace of mind with predictable monthly payments and long-term financial stability. Whether you’re a first-time homebuyer or refinancing your current property, our team is dedicated to helping you understand every detail of your mortgage, so you can move forward with confidence.
Fixed-Rate Loans You Can Trust
A fixed-rate mortgage provides consistent payments over the life of the loan, protecting you from interest rate fluctuations. With today’s evolving housing market, stability is key — and HappyDog offers options that let you plan for the future with confidence. Our lending partners provide competitive rates and flexible terms, giving you the freedom to choose a loan that fits your lifestyle and financial goals.
Before you apply, you can estimate your monthly payments and explore different scenarios using our Home Purchase Calculator. This tool helps you make informed decisions and better understand what fits within your budget, ensuring your homebuying journey is clear and stress-free.
Employee-Focused Lending with a Personal Touch
The California Employee Loan Program proudly serves public employees and residents across California. We understand the unique financial needs of city, county, and state employees. Our team takes a personalized approach, helping you explore affordable home loans and programs tailored to your employment benefits. By working with multiple lenders, we’re able to present a range of mortgage options that meet your individual goals and budget.
Why Choose HappyDog
At HappyDog, transparency and trust are at the heart of everything we do. We’re committed to making the lending process straightforward and accessible, with no hidden fees, confusing terms, or unnecessary delays. Our licensed mortgage professionals guide you step-by-step, ensuring you make informed, confident decisions.
We believe that homeownership should be within reach for everyone who works hard to serve their community. That’s why our mission is to offer home purchase loan solutions that reflect integrity, equality, and opportunity.
Start Your Application Today
Your new home, and your financial future, deserve the right foundation. Let us help you secure it with a dependable, fixed-rate home loan that fits your needs. If you’re ready to take the next step toward homeownership in California, we invite you to get started today.
Contact our team to learn more about your options or simply apply now, explore competitive rates, and begin your secure online application. With the California Employee Loan Program, your journey to owning a home begins with trust, guidance, and lasting peace of mind.
FAQ
Who can apply for a home purchase loan through HappyDog?
The California Employee Loan Program helps public employees and residents across California access flexible and affordable mortgage options. Our programs are available to qualified borrowers who meet standard credit and income requirements.
Does HappyDog work with multiple lenders?
Yes. HappyDog partners with a network of trusted lenders to give borrowers a range of competitive loan options. This allows us to match you with a home purchase loan that best fits your goals, financial profile, and budget.
Can I start the loan application process online?
Absolutely. Our application process is designed for your convenience. You can begin your home loan application online, review your options, and connect with a licensed mortgage professional for personalized assistance every step of the way.
*Appraised property value may affect loan amount.
**The cash from equity is usually tax free. This information does not constitute tax advice or financial planning advice. Please consult a tax advisor for tax advice and a financial planner regarding enhancements to retirement plans. Happy Dog is not affiliated with any government agencies. These materials are not from HUD or FHA and were not approved by HUD or a government agency. Reverse mortgage borrowers are required to obtain an eligibility certificate by receiving counseling sessions with a HUD-approved agency. Must be at least 62 years old. Loan proceeds are not considered income and will not affect Social Security or Medicare benefits. Your monthly reverse mortgage advances may affect your eligibility for some other programs. Consult a local program office or your attorney to determine how, or if, monthly reverse mortgage payments might affect your specific situation. At the conclusion of the term of the reverse mortgage loan contract, some or all of the equity in the property that is the subject of the reverse mortgage no longer belongs to you and you may need to sell or transfer the property to repay the proceeds of the reverse mortgage with interest from your assets. We will charge an origination fee, a mortgage insurance premium, closing costs or servicing fees for the reverse mortgage, all or any of which we will add to the balance of the reverse mortgage loan. The balance of the reverse mortgage loan grows over time and interest will be charged on the outstanding loan balance. You retain title to the property that is the subject of the reverse mortgage until you sell or transfer the property and you are therefore responsible for paying property taxes, insurance, and maintenance. Failing to pay these amounts may cause the reverse mortgage loan to become due immediately. Interest on reverse mortgage is not deductible to your income tax return until you repay all or part of the reverse mortgage loan.
