CalHFA Loans
Your path to affordable homeownership
in California
What Is a CalHFA Loan?
Are you a first-time homebuyer in California looking for help with your down payment or closing costs? CalHFA home loans might be the perfect fit.
The California Housing Finance Agency (CalHFA) offers affordable fixed-rate mortgage programs designed to make buying a home more accessible. These loans can be paired with down payment and closing cost assistance programs like:
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MyHome Assistance Program – Provides up to 3.5% of your home’s purchase price as a deferred-payment second mortgage to help with your down payment or closing costs.
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ZIP (Zero Interest Program) – Offers a silent second loan at 0% interest to cover closing costs, with no payments due until you sell, refinance, or pay off your CalHFA home loan.
CalHFA home loans come in various types, including FHA, VA, USDA, and conventional options, all designed to help qualified homebuyers achieve homeownership. To qualify, borrowers generally must:
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Be first-time homebuyers (no home ownership in the last three years).
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Meet income and credit score requirements.
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Complete a CalHFA-approved homebuyer education course.
CalHFA also updates their interest rates daily, helping you secure a competitive loan that fits your budget.
Benefits of the CalHFA Program
Fixed-Rate Stability
All CalHFA first mortgages are fixed-rate loans, giving you predictable monthly payments.
Help for Moderate-Income Buyers
CalHFA isn’t just for very low-income borrowers. Many moderate-income buyers in California qualify for assistance.
No Payments on Assistance Loans
The second loans for down payment or closing costs are deferred until you sell, refinance, or pay off your mortgage.
Lower Out-of-Pocket Costs
Programs like MyHome and ZIP reduce how much cash you need upfront.
Flexible Loan Options
Choose from FHA, VA, USDA, and conventional loans to suit your situation.
We’re here to help.
The JJ Mack Team at American Pacific Mortgage specializes in Roseville Mortgages and helping California homebuyers navigate the CalHFA loan process with confidence. With offices in Roseville, Sacramento, and Loomis, we combine local expertise with personal service to guide first-time buyers every step of the way. We’re committed to fast, smooth closings, ensuring your CalHFA application is complete and stress-free. If you’re considering a CalHFA loan, contact us or fill out the form below to explore how we can help you unlock the door to homeownership in California.