Eligibility: First-time homebuyers (no ownership in past 3 years) in California.
Benefits: Deferred second loan up to 3.5% of purchase price/appraised value for down payment or closing costs; combinable with CalHFA first mortgage.
Description: Combines a CalPLUS first mortgage with two subordinate loans: MyHome and ZIP (mandatory). ZIP provides up to 4% of first mortgage as forgivable, zero-interest deferred loan.
Low Income Purchase Assistance (LIPA) Program: Offers up to $161,000 as a zero-interest deferred second for buyers ≤80% AMI. ~17 reservation slots per round in 2025. Requires 1% buyer down payment, FICO ≥660, and 8-hr education .
SDHC First-Time Homebuyer Program: Deferred loan up to 4% of purchase price (max $25,000) for buyers ≤120% AMI. Income limits apply.
Downpayment Assistance Loan Program (DALP): Offers up to $500,000 silent second loan for buyers ≤200% AMI (priority: educators, veterans). Application period for 2025 is now closed.
California Housing Finance Agency (CalHFA) Programs:
CalHFA Conventional Loan Program:
Offerings: 30‑year fixed-rate conventional mortgage (Fannie/Freddie HFA), no purchase price cap.
Requirements:
MyHome Assistance Program:
Eligibility: First-time homebuyers using CalHFA first mortgage; income limits apply.
CalPLUS with ZIP (Zero Interest Program):
Requirements: First-time status, compliance with CalHFA income limits (county-based), and inclusion of MyHome with ZIP .
Local Programs:
Los Angeles
San Diego
San Francisco
Additional Information:
View First-Time Home Buyer Programs for: Colorado