Embarking on the journey to homeownership through the MyHome Assistance Program begins with understanding the application process. Since CalHFA does not lend directly to consumers, collaboration with approved and trained loan officers is key.

Finding a Loan Officer

The first step is to visit the "Find a Loan Officer" tab on CalHFA's website. Here, prospective applicants can connect with professionals in their area who are familiar with CalHFA’s programs and can guide them through the buying process. Tennant Lending is a licensed, premier mortgage lender based in Northern California. 

Preparing Your Documents

When reaching out to a loan officer, being prepared can significantly streamline the process. Essential documents include:

  • Pay stubs
  • Bank statements
  • Employment history
  • Previous tax returns

CalHFA Government and Conventional Loans

The journey to homeownership is fraught with financial hurdles, but CalHFA's MyHome Assistance Program aims to ease this journey. Offering deferred-payment junior loans, this initiative is a lifeline for first-time homebuyers striving to cover down payment and closing costs.

FHA Loans

For those considering government loans through FHA, MyHome provides up to 3.5% of the purchase price or appraised value. This assistance plays a crucial role in making homeownership attainable for many.

Conventional Loans

Similarly, for conventional loans, MyHome extends aid up to 3% of the purchase or appraised value. This support is instrumental in bridging the gap between aspiring homeowners and their dream of owning a home.

The MyHome Assistance Program stands as a testament to CalHFA's commitment to making homeownership a reality for first-time buyers. By understanding program eligibility, interest rates, and how to apply, prospective homeowners are better equipped to navigate their path to owning a home.

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