New post: Guide to the CalHFA MyHome Assistance Program - MAKING HOMEOWNERSHIP MORE ACCESSIBLE: A GUIDE TO THE CALHFA MYHOME ASSISTANCE PROGRAM
The dream of owning a home in California is iconic, but for many FIRST-TIME HOMEBUYERS, the initial financial hurdle can feel insurmountable. Between rising property values and the need for a significant down payment, many qualified borrowers stay on the sidelines.
We are excited to announce a solution: we now offer CALHFA + MYHOME [https://www.calhfa.ca.gov/homebuyer/programs/myhome.htm]. This powerful program is specifically designed to bridge the gap for low-to-moderate-income residents, making the transition from renting to owning smoother and more affordable.
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WHAT IS THE MYHOME ASSISTANCE PROGRAM?
The MYHOME ASSISTANCE PROGRAM is a deferred-payment junior loan offered by the CALIFORNIA HOUSING FINANCE AGENCY (CALHFA). It provides a "second lien" to help cover your down payment and/or closing costs.
Because this is a deferred loan, you don't have to make monthly payments on the assistance itself until your home is sold, refinanced, or paid in full. This keeps your monthly mortgage obligations manageable while getting you into the home sooner.
HOW MUCH ASSISTANCE CAN YOU RECEIVE?
The amount of support depends on the type of first mortgage you choose. Through this program, CalHFA offers:
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