The Extra Credit Teacher Program (ECTP) is designed to make homeownership a possibility for eligible teachers, administrators, classified employees and staff members working in high priority schools in California.

The ECTP is intended to help high priority schools attract and retain education professionals by offering an incentive in the form of down payment assistance for the purchase of a home anywhere in California.

The Program provides:

1. A deferred payment, junior mortgage loan for down payment assistance of an amount not to exceed the greater of $7,500 or 3% of the sales price, or; of an amount not to exceed the greater of $15,000 or 3% of the sales price in CalHFA-defined high cost areas .

2. A special reduced interest rate on the CalHFA 30-Year Fixed Mortgage or Government Insured/Guaranteed 30-year fixed Mortgage.

(The special reduced rate is not available on the CalHFA interest only PLUS^SM or the 40-Year Fixed Mortgage loan programs.)

Interest on the junior loan is deferred and may be reduced to zero if the borrower meets continued eligibility requirements.

In addition, CalHFA will permit homebuyers to use other CalHFA-approved 

Good Neighbor Next Door/Teacher Next Door Program 

Teachers (State-certified in grades Kindergarten through 12th grade) may purchase HUD-owned single unit properties located in designated revitalization areas at a 50 percent discount off list price. Teachers must agree to occupy homes as their sole residence for a period of 3 years.

The Good Neighbor Next Door Program (formerly the Teacher Next Door Program) offers HUD-acquired, single family homes to teachers at 50% off the purchase price. Single-family detached homes, condominiums and townhouses are all included. The teacher must purchase a home in the same school district/jurisdiction in which he/she is employed and must reside in the home as their sole residence for at least 3 years. After the 3-year period, the teacher may sell the property and keep any profits.