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California Housing Finance Agency MyHome Assistance Program

Statewide, California

Last verified
See what you qualify for
Assistance

0.035%

Of the purchase price, as the program sets it

Repayment

Deferred

No payments until the home is sold or refinanced

What is California Housing Finance Agency MyHome Assistance Program?

California Housing Finance Agency MyHome Assistance Program is a deferred second loan for homebuyers in Statewide, California.

  • Junior loan with deferred payments. Combines with CalHFA Conv, FHA, USDA, VA first mortgages. 30-year deferred.
  • Deferred-payment junior loan up to 3.5% of purchase price OR appraised value (whichever less) for down payment and/or closing costs. Used in combination with CalHFA first mortgages.
  • Funding comes from CalHFA.

How much assistance does it provide?

California Housing Finance Agency MyHome Assistance Program provides assistance worth 0.035% of the purchase price, as set by the program.

  • Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

California Housing Finance Agency MyHome Assistance Program is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off.

  • Repayment is triggered by sale, refinance, or end of 30-year term.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

California Housing Finance Agency MyHome Assistance Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — the program sets its own definition
  • The home is occupied as a primary residence
  • A completed homebuyer education course, through Required - eHome America or NeighborWorks America
  • Sourced via Homebuyer Wallet (CA20250040). NOTE: This may be a duplicate of existing 'CalHFA MyHome Assistance Program' in local CSV — fuzzy match did not catch the longer formal name. Verify before deduping.

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

California Housing Finance Agency MyHome Assistance Program sets its income limit as follows: Up to 80% AMI per CalHFA county schedule.

  • Up to 80% AMI per CalHFA county schedule.
  • The limit applies to total household income, not only the borrower’s.
  • Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

California Housing Finance Agency MyHome Assistance Program can be used for Single-family, Condo, Townhouse, Manufactured (real property).

  • Manufactured homes are eligible.

Where does it apply?

California Housing Finance Agency MyHome Assistance Program serves buyers purchasing in Statewide, California.

How do you apply?

Applications for California Housing Finance Agency MyHome Assistance Program go through the administering agency.

  1. Take a homebuyer education course

    Required by the program, through Required - eHome America or NeighborWorks America.

  2. Contact the administering agency to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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