CalHFA + MyHome is designed to help eligible buyers reduce upfront costs associated with purchasing a home.
The deferred second mortgage is typically repaid upon sale, refinance, or transfer of the property.
Available for primary residences only. Borrowers must meet county income limits and eligibility requirements.
Borrowers must not have owned a primary residence within the past three years.
Household income must meet county-based income limits established by the program.
The property must be owner-occupied and located within California.
Minimum credit score and debt-to-income guidelines apply and are reviewed based on loan type.
At least one borrower is generally required to complete an approved homebuyer education course.
CalHFA + MyHome is subject to program guidelines, income limits, credit approval, and property eligibility requirements. Not all borrowers will qualify. Program terms are subject to change.
