California first-time home buyers have more help available than most realize. Between state assistance programs and flexible loan options, the path to your first home may be closer than you think.
What counts as a first-time home buyer in California?
For most programs, a first-time home buyer is someone who has not owned and occupied a primary residence in the past three years. You don't have to be buying your very first home to qualify.
Does California have a first-time home buyer program?
Yes. The California Housing Finance Agency (CalHFA) offers programs such as MyHome Assistance and the Zero Interest Program (ZIP), which can be paired with a first mortgage to help cover down payment and closing costs, with repayment typically deferred.
Loan programs that work well for first-time buyers
FHA loans offer low down payments and flexible credit guidelines. VA and USDA loans may require no down payment for eligible borrowers. Conventional loans also offer low-down-payment options for qualified buyers.
How to qualify
Program requirements typically include income limits, purchase price limits, and a homebuyer education course. Program funding and terms change, so confirm current availability before counting on a specific program.
Where to start
A conversation with Matthew can match your situation to the programs currently available — before you fall in love with a home.
General educational information only. Not financial advice or a commitment to lend.