CalHFA Loan Programs: Affordable Home Financing for Californians

🏡 Your Path to Homeownership with CalHFA Loan Programs

Are you a first-time homebuyer in California looking for affordable financing options? CalHFA loan programs offer low down payments, competitive rates, and special assistance to make buying a home easier. Whether you’re struggling with a down payment or need help with closing costs, CalHFA has programs designed to support you.

CalHFA Conventional

Fannie Mae HFA Preferred™ first mortgage up to 97% LTV. This loan may be combined with the MyHome Assistance Program.

CalPLUS Conventional

Fannie Mae HFA Preferred™ first mortgage combined with the CalHFA Conventional Zero
Interest Program (ZIP) for closing costs.

Dream For All Conventional

Fannie Mae HFA Preferred™ first mortgage This loan may only be combined with the
Dream For All Shared Appreciation Loan

CalHFA FHA

FHA-Insured first mortgage up to 96.5% LTV. This loan may be combined with the MyHome Assistance Program.

CalPLUS FHA

FHA-Insured first mortgage combined with the CalHFA FHA Zero Interest Program (ZIP) for closing costs. Can be used with MyHome.

MyHome Assistance Program

A deferred payment, simple interest rate subordinate loan that may only be used with a CalHFA first mortgage.

CalHFA Conventional with MyAccess

CalHFA MyAccess with Conventional provides 2.5% down payment assistance as a silent second loan with no monthly payments.

CalHFA FHA with MyAccess

CalHFA MyAccess with FHA offers 2.5% down payment assistance as a silent second loan with no monthly payments.

MyAccess

CalHFA MyAccess provides 2.5% down payment assistance as a silent second loan with no monthly payments until you sell, refinance, or pay off your mortgage.

Who Qualifies for CalHFA Loan Programs?

To qualify for CalHFA loan programs, you must:

✔ Be a first-time homebuyer (not owned a home in the last 3 years)
✔ Meet income and credit score requirements (varies by program)
✔ Use the loan for a primary residence (not an investment property)
✔ Complete a homebuyer education course

Not sure if you qualify? We can help you check your eligibility!

How to Apply for CalHFA Loan Programs

Applying for a CalHFA loan is simple. Follow these steps:

1️⃣ Get Preapproved – Start by applying here to see how much you qualify for.
2️⃣ Choose the Right Loan – We’ll help you find the best CalHFA loan program for your needs.
3️⃣ Complete a Homebuyer Course – Required for first-time homebuyers.
4️⃣ Find Your Dream Home – Start shopping with confidence!
5️⃣ Close on Your Loan – Move in and start enjoying your new home!

💡 Don’t wait! Get preapproved today and take the first step toward homeownership.

Why Work with Us?

At New Way Mortgage, we specialize in helping first-time buyers navigate CalHFA loan programs with ease.

✔ Expert Guidance – We’ll walk you through every step.
✔ Fast Preapprovals – Know your buying power quickly.
✔ Personalized Solutions – We’ll find the best loan for you.

📞 Talk or Text Us: 916-465-6639
📧 Email Us: hello@newwaymortgage.com
📅 Schedule a Consultation: Book Here

Frequently Asked Questions

1. What is the minimum credit score for CalHFA loan programs?

Most programs require a minimum credit score of 640, but some may have lower or higher requirements.

2. Do I have to be a first-time homebuyer?

Yes, most CalHFA loan programs are designed for first-time buyers (haven’t owned a home in the last 3 years).

3. How much down payment assistance can I get?

Programs like MyHome Assistance offer up to 3.5% of the home price to help cover your down payment or closing costs.

4. Can I use CalHFA loans for investment properties?

No, CalHFA loans are only available for primary residences.

5. How do I start the application process?

You can apply online here or contact us for a free consultation!

Ready to become a homeowner? 🚀 Get started today with CalHFA loan programs!

👉 Apply Now | 📞 916-465-6639 | 📅 Schedule an Appointment