CalHFA MyHome Assistance Program

About This Program

CalHFA's MyHome Assistance Program provides a deferred-payment junior loan of up to 3% (conventional) or 3.5% (FHA) of the purchase price to help first-time homebuyers cover down payment and/or closing costs. No payments are required until the home is sold, refinanced, or the first mortgage is paid in full. Buyers must complete homebuyer education counseling.

Deferred loan; repaid at sale or refinance — not a grant

Key Details

• Deferred junior loan for down payment and/or closing costs
• Up to 3% (conventional) or 3.5% (FHA) of purchase price
• No monthly payments until home is sold or refinanced
• Must be a first-time homebuyer and meet income limits
• Homebuyer education required — call (877) 922-5432

How to Apply

Deadline: Rolling