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 homeownership more accessible. Our team at JJ Mack can guide Roseville families through the process, helping you take advantage of 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 updates interest rates daily, giving you the opportunity to secure a competitive loan that fits your budget. The JJ Mack Team is here to help Roseville homebuyers navigate CalHFA programs with confidence.
Why Programs Like CalHFA Matter
According to housing data, affordability challenges have made it increasingly difficult for buyers to enter the market without assistance. Government-backed programs play a critical role in helping buyers bridge the gap.
Many first-time buyers rely on these programs to reduce upfront costs and qualify for a home sooner.
CalHFA Dream For All Shared Appreciation Program
In addition to traditional CalHFA assistance like MyHome and ZIP, CalHFA also offers the Dream For All Shared Appreciation Loan, a powerful option for first-time buyers who may have strong income and payment ability but struggle with a large down payment. The Dream For All program provides shared appreciation down payment assistance that can significantly reduce upfront costs and give Roseville buyers a competitive edge in today’s market.
As an experienced Roseville mortgage lender, the JJ Mack Team helps buyers understand how Dream For All works, verify eligibility, and structure their financing for success. Learn more about how this program works and whether it’s right for your home purchase on our dedicated CalHFA Dream For All loan page.
*Currently funds for the Dream For All program are not available, ask about our other down payment assistance options*
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.
Frequently Asked Questions
Q: Can you buy a home before selling your current one?
Yes, many homeowners can buy a new home before selling their current one by using equity, bridge loans, or other financing options. The right approach depends on your financial situation and goals.
Q: What is a bridge loan and how does it work?
A bridge loan is a short-term loan that helps cover the gap between buying a new home and selling your existing one. It allows you to access your home’s equity to fund your next purchase.
Q: How do I qualify to buy before I sell?
Qualification depends on factors like your income, credit, and how much equity you have in your current home. A lender can help you review your options and determine what’s possible.