Mountain West Financial's Commitment to Affordable Housing At Mountain West Financial, Inc. (MWF) we are known for the many Down Payment Assistance and Affordable Housing Programs we offer and are considered experts in this area. Participating in affordable housing programs for low-to moderate first-time homebuyers has been a passion for us over the years.


With over 30 years of experience, we are a community-oriented lender concerned with helping meet the needs of low-to-moderate first-time borrowers through as many programs as possible to make homeownership available to all. We actively support these programs by providing ongoing training so we can help more buyers fulfill their dream of homeownership. We currently have approved over 130 active affordable housing programs in the areas we serve and 1 in 4 of our purchase transactions has at least one component of affordable housing.

MWF is honored to be recognized as the #1 lender in helping homebuyers through CalHFA’s programs for 3 straight years. It has always been our mission to participate and offer home loan programs that are designed to meet the needs of our community. Because of the wonderful down payment assistance programs offered by CalHFA, Mountain West Financial has been named one of the top three lenders for the CalHFA program by closing 579 CalHFA loans in 2020. What a great example of our commitment to helping make the dream of homeownership possible.

Honored to be recognized on GSFA's 2018 Honor Club as a top producer for both Platinum and MCC home loan programs

MWF has partnered with Down Payment Resource (DPR), the nation's only web-based aggregator of homebuyer programs.

Accessible through the MWF corporate website, branches, and local Realtor partners, Down Payment Resource helps bridge the down payment gap for homebuyers and connects them with resources they may not have otherwise known existed. Using the web-based tool, homebuyers can search by city or address for assistance programs.

Homebuyers can quickly access a list of available programs for which they may qualify, and where MWF is a participating lender. MWF is currently a “Featured Lender” on the DPR website in the areas we serve.

Best of all, the website can be cobranded with referral partners and serves as a lead source for both our loan officers and realtor partners alike.

This is a fantastic down payment assistant (DPA) option that is designed to help homebuyers and foster realtor relationships!

Available nationwide, Chenoa Fund DPA offers up to 5% in assistance with options for lower rates, principal reduction, and even an option for high-income homebuyers.

Chenoa generates interest as well as business. Approximately one out of four borrowers who respond to a Chenoa advertisement end up using Chenoa Fund.

Up to 7.0% of the first loan amount in DPA & closing costs, opening more doors for homebuyers.

  • Not limited to first time homebuyers
  • DACA Recipients are eligible
  • For California Residents

The Diamond Down Payment Assistance Program is a flexible program that provides homebuyers with an FHA first mortgage with up to 6.50% down payment assistance (DPA).

  • Up to 6.5% in down payment assistance
  • Not limited to 1st-time homebuyers
  • Available in the states of AZ, OR, & UT

MyHome provides a deferred-payment junior loan – up to 3.5% of the purchase price or the appraised value, whichever is less, to be used for down payment and/or closing costs. (For first-time homebuyers only | California residents only).

*1st-time homebuyer is any borrower that has not owned a home in the last 3 years (with some exceptions). **Can only be combined with an eligible CalHFA first mortgage loan.

Texas homebuyers receive up to 5% of the 1st loan amount to use for down payment and closing costs.

  • Up to 5% of the 1st mortgage including mortgage insurance (MIP) for down payment & closing costs
  • Available throughout the state of Texas EXCEPT the cities of El Paso, McKinney, Grand Prairie & Travis County
  • Not limited to first-time homebuyers
  • DPA forgiven by 1/36 per month over 3 years
  • Can be combined with SETH Extra Credit MCC & other Mortgage Credit Certificates

Colorado homebuyers can receive up to 6% (or up to $20,000, whichever is less) for down payment and closing costs.

  • Available in Denver and Jefferson counties
  • For first-time homebuyers

We have many more state-specific programs from renowned state agencies. Loan options will vary by location. Contact us to see which programs are available in your area.

Housing Agency Participation and Outreach Efforts

Mountain West Financial Loan Officers actively conduct outreach activities to low-income and minority first-time homebuyers in their communities. Efforts include promotion of the DPR search portal, home buyer education and counseling, and loan pre-approvals for clients who call local housing agencies, to name a few.

First Time Homebuyer Education
Connect with us!

Interested in learning more? Visit us online at www.mwfinc.com or email us at info@mwfinc.com for an introduction with a local loan officer.

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Mountain West Financial is an Equal Opportunity Lender