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CalHFA MyHome Assistance Program

California Housing Finance Agency offers MyHome Assistance Program to first-time buyers in California: you can get up to 3.5% of the value or the price, as a deferred loan.

Amount
You can get up to 3.5% of the value or the price.
Help type
Loan with deferred payments
Just for first-time buyers
Yes
Course for homebuyers
Required

You make no payments on a deferred loan until you sell the home, refinance or pay the loan off.

With a deferred loan you pay nothing each month. The full amount comes due when you sell the home, refinance or pay off your first mortgage.

Who qualifies for CalHFA MyHome Assistance Program?

  • To qualify for this program, your income must be under the CalHFA limits.
  • It's only for first-time buyers, which usually means you haven't owned a home over the past three years.
  • You'll need to take a homebuyer education course before buying.
  • You get it together with your first mortgage, either a CalHFA government (FHA) loan or a CalHFA conventional one.

Your county and household size set most of the limits. Use our HUD income limits tool to see the median income for your area and where your household falls.

How to apply for CalHFA MyHome Assistance Program

  1. Your application goes to one of the approved lenders, together with your home loan, because California Housing Finance Agency pays this help through them.
  2. Your lender compares your income, credit and the home to the program's rules, then reserves the money for you.
  3. At closing, the help is paid and covers your closing costs and down payment.

For the full rules and current application status, see California Housing Finance Agency's page for MyHome Assistance Program; to pick a lender, use the agency's approved lender list.

Ask a lender about CalHFA MyHome Assistance Program

Tell us where you're buying and a lender that works with California's programs can tell you whether CalHFA MyHome Assistance Program fits you, and what you could combine with it.

Call 866-602-7460

Don't feel like calling? Share your details, and the lender will reach out.

When you send this request, you agree that one mortgage lender who works with these programs may contact you by email, phone or text, including by automated means, about this request. Agreeing is not a condition of any purchase. We are an independent guide, not a lender or a government agency; only that one lender gets your details, and it may pay us for the introduction. See our about page and privacy notice.

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