First-Time Homebuyer Programs in California: A Comprehensive Guide

Buying your first home can be a daunting and expensive process, especially in California. Fortunately, there are various first-time homebuyer programs available that can help make homeownership more accessible. In this guide, we’ll explore the best first-time homebuyer programs in California and how they can help you achieve your dream of homeownership.


California Housing Finance Agency (CalHFA)


CalHFA offers several programs to assist first-time homebuyers, including the MyHome Assistance Program, which provides down payment and closing cost assistance, and the School Teacher and Employee Assistance Program (School Program), which offers up to $15,000 in down payment assistance for eligible school employees.


CalPLUS Conventional Loan Program


The CalPLUS Conventional Loan Program is a 30-year fixed-rate mortgage with a competitive interest rate and a down payment assistance second mortgage. This program is available to first-time homebuyers and can help make home ownership more affordable.


California Department of Veterans Affairs (CalVet)


CalVet offers a home loan program for eligible veterans, allowing them to purchase a home with a low-interest rate and low or no down payment. This program also provides various benefits, such as no prepayment penalty and no mortgage insurance.


Federal Housing Administration (FHA) Loans


FHA loans are a popular option for first-time homebuyers because they require a lower down payment and credit score compared to conventional loans. FHA loans are insured by the government, making them more accessible to those with less-than-perfect credit.


United States Department of Agriculture (USDA) Loans


USDA loans are available to homebuyers in rural areas and provide up to 100% financing with no down payment required. This program also offers low-interest rates and flexible credit requirements.




Buying your first home in California can be a challenging process, but there are various first-time homebuyer programs available to make it more accessible. By understanding the different programs offered by CalHFA, CalVet, FHA, and USDA, you can make an informed decision and find the program that best meets your needs and budget.


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