MyHome Assistance Program

Open

California Housing Finance AgencyCAFirst-Time Homeowner

Funding: Offers assistance up to 3.5 percent of the purchase price or appraised value for FHA and conventional loans and up to 3 percent for USDA or VA loans, structured as a deferred payment junior loan due when the first mortgage is refinanced, paid off or the home is sold.State housing finance agency junior loan that provides a deferred payment silent second mortgage to cover part of the down payment and closing costs when paired with a CalHFA first mortgage.RollingDeadline: Scope: Statewide (California)state

Updated: Dec 6, 2025

Summary

Deferred-payment junior loan for down payment/closing costs to help first-time buyers access homeownership.

Benefits

down payment assistanceclosing cost assistancedeferred payment loanjunior lienstate housing finance agencysilent second mortgageCalifornia homebuyer support

Who Can Apply

homebuyerfirst-time homebuyerlow-income homebuyermoderate-income homebuyerCalifornia homebuyer

Eligible Locations

First time homebuyers or borrowers who have not owned a home in the last three years who purchase an owner occupied primary residence in California, meet CalHFA income, credit and purchase price limits, complete required homebuyer education and use an approved CalHFA first mortgage product.

Eligibility

First-time homebuyers (or no ownership last 3 years), primary residence, must use CalHFA first mortgage; meet income/credit limits; home must be in CA.

Full Description

The MyHome Assistance Program offered by CalHFA provides down payment and closing cost assistance via a deferred-payment “silent second” loan when paired with an eligible CalHFA first mortgage (FHA, Conventional, VA, USDA). The amount varies by loan type: up to 3.5% for FHA/conventional, up to 3% for USDA/VA. Borrowers must meet CalHFA income, credit, and property eligibility. Payments on the second mortgage are deferred (no monthly payments) and become due when the first mortgage is refinanced, sold, or paid off. (New Way Mortgage)

Verification & Details

Status: Open

Source: calhfa.ca.gov

Official source → calhfa.ca.gov

Apply on official siteUpdated Dec 6, 2025

Recommended Resource

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A complete first-time homebuyer toolkit: 9 checklists, timelines, grant guidance, worksheets + editable Excel/Google Sheet budget & affordability calculator.

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Explore additional grants available throughout California that complement this opportunity.

Local Housing Trust Fund Program

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Overview portal of CalHFA’s suite of homebuyer assistance programs for first-time homebuyers in California.

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Funding: Assistance amounts vary by CalHFA program and may include down payment help like the MyHome Assistance Program, zero interest junior loans, and other specialized options such as Dream For All that are generally calculated as a percentage of the purchase price or loan amount.Deadline: Rolling depending on programRollingStatewide (California)homebuyerfirst-time homebuyerlow-income homebuyermoderate-income homebuyerCalifornia homebuyerdown payment assistanceclosing cost assistancefirst mortgagestate housing finance agencyfixed rate loanhomebuyer education requiredCalifornia homebuyer support

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Open

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