CalHFA MyHome Assistance Program
California Housing Finance Agency offers MyHome Assistance Program to first-time buyers in California: up to 3.5% of the price or value, as a deferred loan.
- Amount
- Up to 3.5% of the price or value
- Kind of help
- Deferred loan
- First-time buyers only
- Yes
- Homebuyer course
- Required
How is CalHFA MyHome Assistance Program paid back?
Deferred loan: no payments until you sell, refinance or pay off the loan.
A deferred loan costs nothing each month, but the whole amount is due when you sell, refinance or pay off the first mortgage.
Who qualifies for CalHFA MyHome Assistance Program?
- You must be under CalHFA income limits for this program.
- Only for first-time buyers (usually no home owned in the past three years).
- A homebuyer education course before you buy.
- It comes with a CalHFA government (FHA) or CalHFA conventional first mortgage.
Most limits follow your county and household size. Our HUD income limits lookup shows your area's median income and where your household sits.
How to apply for CalHFA MyHome Assistance Program
- California Housing Finance Agency pays this help out through its approved lenders, so you apply with one of them, together with your home loan.
- The lender checks your income, credit and the home against the program's rules and reserves the money for you.
- The help is paid at closing, toward your down payment and closing costs.
Read the full rules and whether it is taking applications on California Housing Finance Agency's page for MyHome Assistance Program, or pick a lender from the agency's list of participating lenders.
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.
Rather not call? Send your details and the lender will reach you.
Other first-time buyer programs in California
- California Dream For All Shared Appreciation Loan: up to 20% of the price, at most $150,000, deferred loan.
- CalHFA Zero Interest Program (ZIP): up to 3% of the home loan, deferred loan.
- CalHFA MyAccess: up to 2.5% of the home loan, deferred loan.
All California first-time home buyer programs · Down payment assistance in every state