The CalHFA MyHome Assistance Program is a deferred payment, simple interest rate silent second mortgage.

The MyHome Assistance loan is available up to 3.5% of the sales price or appraised value, whichever is less, and can be used for either down payment or closing costs.

MyHome Assistance may only be combined with a CalHFA first mortgage program, and can be used with the Zero Interest Program (ZIP) or mortgage credit certificate (MCC), but may not be used with the Extra Credit Teacher Program (ECTP).

MyHome Assistance will follow the qualifying guidelines of the CalHFA first mortgage program, with the exception that all borrowers must be a first time home buyer.

CalHFA First Mortgage Programs

CalHFA Conventional Mortgage

The CalHFA Conventional first mortgage program uses Fannie Mae's HomeReady expanded underwriting guidelines to offer a lower down payment and closing costs for borrowers with less-than-perfect credit scores.

You MUST be a first time home buyer to use MyHome Assistance

CalPLUS Conventional Mortgage with ZIP

The CalPLUS Conventional mortgage offers a slightly higher interest than the standard CalHFA Conventional program and is combined with the CalHFA Zero Interest Program (ZIP) down payment and closing cost assistance program.

You MUST be a first time home buyer to use MyHome Assistance

CalHFA FHA Mortgage

The CalHFA FHA first mortgage program offers 30 year fixed FHA first mortgage to California home buyers.

You MUST be a first time home buyer to use MyHome Assistance

CalPLUS FHA Mortgage with ZIP

The CalPLUS FHA loan program is a fully amortized thirty 30-year fixed interest rate FHA first mortgage. This loan is combined with the CalHFA Zero Interest Program (ZIP) for closing cost and/or prepaid items only.

You MUST be a first time home buyer to use MyHome Assistance

Cal-EEM + Grant - Energy Efficient Mortgage

Cal-EEM + Grant - Energy Efficient Mortgage program.  4% Grant can be used for energy efficient upgrades and may exceed FHA loan limits.

What is a First Time Home Buyer?

CalHFA uses the definition of a first time home buyer as any buyer that has not had an ownership interest in a primary residence in the past three (3) years.

More Assistance Options

If funds are no longer available, or you are unable to meet the qualifications for this assistance program, there are other options that may be available to you.

California home buyers should also explore Mortgage Credit Certificates, CRA Programs, Lender/Agent Credits or other creative down payment and closing cost assistance options.