The MyHome program provides a deferred-payment junior loan to help cover the down payment and closing costs. Must be combined with a CalHFA first mortgage loan.

• Up to 3.5% of the purchase price or appraised value
• Must be first-time homebuyer (has not owned a property in the last 3 years)
• Subject to income limitations
• Payments deferred up to 30 years
• Interest rate depends on your financial circumstance

Zip program provides a deferred-payment junior loan to help cover the down payment and closing costs. Must be combined with a CalHFA first mortgage loan.

• Assistance of either 3% or 2% of the loan amount
• Borrower does not have to be a first-time homebuyer
• Subject to income limitations
• No monthly payments
• Zero Interest for the life of the loan
• Due in 30 years or when you sell or refinance the home

Many California cities have Down Payment Assistance programs to entice homebuyers into moving to their cities. These programs have been funded for 2022 and have money to give away. The programs can differ based on the city but usually require the buyer to be a first-time homebuyer and to live at the property they purchase. Please contact us to get more information on available programs in cities that you are interested in.