Introducing the CalTAP Combo Loan (80-10-10): Buy More Home with Less Down

Unlock greater buying power in California’s high-cost markets—and beyond—with the CalTAP Combo Loan (80-10-10). This innovative loan solution helps you purchase a single-family home, condo, or townhome with just 10% down, paired with an 80% first mortgage and a 10% second mortgage—no jumbo loan or PMI required!

How the CalTAP Combo Loan Works:

1. 80% first mortgage
2. 10% down payment
3. 10% second mortgage/home equity line

Eligible in most high-cost California counties (Alameda, Contra Costa, Los Angeles, Marin, Napa, Orange, San Benito, San Francisco, San Mateo, Santa Clara, Santa Cruz), a single loan supports home purchases up to $1,390,000 with only 10% down.

Need more? Combo loan options extend up to $2,000,000 with tailored down payment and second mortgage structures—see the chart below.

Here is how our CalTAP Combo Loan works!

Max Purchase Price	Down Payment %	Down Payment $	1st Mtg $	LTV	2nd %	2nd $	CLTV
$1,500,000	10%	$150,000	$1,200,000	80%	10%	$150,000	90%
$1,600,000	10%	$160,000	$1,249,125	78%	12%	$190,875	90%
$1,700,000	10%	$170,000	$1,249,125	73.50%	16.50%	$280,875	90%
$1,800,000	10%	$180,000	$1,249,125	69.40%	20.60%	$370,875	90%
$1,900,000	10%	$190,000	$1,249,125	65.70%	24.30%	$460,875	90%
$2,000,000	10%	$200,000	$1,249,125	62.50%	27.50%	$550,875	90%

CalTAP or TAPUSA Combo Loan Benefits:

1. Low Down Payment: Own more home with just 10% down, even in expensive markets.
2. No PMI Required: Avoid private mortgage insurance—even with less than 20% down.
3. Greater Buying Power: Go beyond standard county loan limits without the tough requirements of typical jumbo loans.
4. Flexible Use: Available for purchase, rate & term refinance, and cash-out refinance.
5. Accessible in High-Cost Areas: Not just California—loan limits and eligibility extend across the TAPUSA network.

Questions or Ready to Apply?

Talk with our CalTAP & TAPUSA experts at 800-310-7577 (8:30 AM to 8:00 PM) or apply online to start your loan approval process.