First-Time Home Buyers
We offer a variety of first-time home buyers. The biggest is CalHFA, so you can buy a home with no money down, up to the county loan limit.
MyHome Assistance Program
CalHFA Government Loans (FHA): MyHome offers a deferred-payment junior loan of an amount up to the lesser of 3.5% of the purchase price or appraised value to assist with down payment and/or closing costs. (660 Min FICO)
CalHFA Conventional Loans: MyHome offers a deferred-payment junior loan of an amount up to the lesser of 3% of the purchase price or appraised value to assist with down payment and/or closing costs. (680 Min FICO)
Review the guidelines below for both Borrower and Property Requirements to determine if you may be eligible to apply for the MyHome Assistance Program.
Borrower Requirements
Property Requirements
To begin the process, print out the home loan checklist and begin collecting the documents you'll need. Give us a call and we'll walk you through the process. We're with you every step of the way. Questions? Call Scott Rojo, 916-548-3942.
MyHome Assistance Program
CalHFA Government Loans (FHA): MyHome offers a deferred-payment junior loan of an amount up to the lesser of 3.5% of the purchase price or appraised value to assist with down payment and/or closing costs. (660 Min FICO)
CalHFA Conventional Loans: MyHome offers a deferred-payment junior loan of an amount up to the lesser of 3% of the purchase price or appraised value to assist with down payment and/or closing costs. (680 Min FICO)
Review the guidelines below for both Borrower and Property Requirements to determine if you may be eligible to apply for the MyHome Assistance Program.
Borrower Requirements
- Be a first-time homebuyer. See the definition of a first-time homebuyer
- Occupy the property as a primary residence; non-occupant co-borrowers are not allowed
- CalHFA borrowers must complete homebuyer education counseling and obtain a certificate of completion through an eligible homebuyer counseling organization
- Meet CalHFA income limits for this program
Property Requirements
- Be a single-family, one-unit residence, including approved condominium/PUDs
- Guest houses, granny units and in-law quarters may be eligible
- Manufactured housing is permitted
- Condominiums must meet the guidelines of the first mortgage
- Seller Concessions allowed
To begin the process, print out the home loan checklist and begin collecting the documents you'll need. Give us a call and we'll walk you through the process. We're with you every step of the way. Questions? Call Scott Rojo, 916-548-3942.
