What it is
The California Housing Finance Agency (CalHFA) was set up in 1975 to help low- and middle-income residents afford housing. Programs such as MyHome Assistance and the Zero Interest Program (ZIP) can be paired with a first mortgage to help with down payment and closing costs, with repayment deferred.
Who it may suit
First-time homebuyers in California who need help with upfront costs.
Potential advantages
- Helps cover down payment and/or closing costs
- Repayment is typically deferred
Important considerations
- Program funding and terms change — confirm current availability
- Income and purchase price limits apply
General eligibility factors
- First-time homebuyer status
- Income limits
- Homebuyer education may be required
Program guidelines and limits change. Contact Matthew for current requirements — this page is general information, not a commitment to lend.