California CalPLUS Conventional Loan Program Checklist

A step-by-step checklist for consumers applying for the California CalPLUS Conventional Loan Program in 2025.

Verify Your Eligibility

Ensure your household income meets the program’s maximum limits, which vary based on family size and county.
Confirm that your credit score meets the minimum requirement for the program, typically 660 or higher for conventional loans. Additional criteria may be provided by your assigned Loan Officer.
Verify that the property you are purchasing is within the program’s price limits and will serve as your primary residence.
Check any additional requirements, such as being a first-time homebuyer or meeting specific California residency criteria.

Collect proof of income, such as recent pay stubs, W-2 forms, or other documentation of your earnings.
Gather your tax returns for the past two years, including all associated schedules and attachments.
Obtain bank statements from the last two to three months for all financial accounts.
Prepare property details, including the address, purchase agreement, and price.
Compile any additional documents requested by your Loan Officer, such as proof of assets, liabilities, or other financial records.

A Loan Officer has been assigned to assist you with the California CalPLUS Conventional Loan Program.
Schedule a meeting or call with your Loan Officer to review the program’s requirements, confirm your eligibility, and discuss the next steps.
Ask any questions you may have about the program benefits, documentation process, or timeline for approval.
Follow your Loan Officer’s guidance to gather and submit all required documentation in a timely and accurate manner.

Collaborate with your Loan Officer to accurately complete your application for the CalPLUS Conventional Loan Program.
Submit all necessary documents to verify your eligibility for the program’s mortgage assistance.
Review the application with your Loan Officer to ensure it is complete and free of errors before submission.
If required, attend a homebuyer education course to fulfill the program’s prerequisites.

Sign all necessary documents provided by your Loan Officer to secure your participation in the program.
Prepare for any costs not covered by the program, such as closing fees or prepaid expenses.
Receive confirmation of your enrollment and detailed information on how the program benefits will be applied to your mortgage.

Ensure that the purchased property remains your primary residence for the duration required by the program’s terms.
Notify your Loan Officer promptly if you plan to sell, refinance, or make changes to your mortgage, as these actions may affect your program eligibility.
Stay informed about any updates or changes to the program’s requirements to remain compliant and retain your benefits.