First-Time Homebuyer Programs in California (2026 Guide)

By RealMortgage Team

Key Takeaways

  • The California Housing Finance Agency (CalHFA) offers programs like MyHome Assistance and Zero Interest Program (ZIP) to help first-time buyers.
  • CalHFA MyHome can provide up to 3.5% of the purchase price for down payment and closing cost assistance, with deferred payments.
  • Eligibility for most programs requires being a first-time homebuyer, meeting income limits, and completing a homebuyer education course.
  • Specific local programs, such as those in San Diego County, can offer additional down payment assistance.

First-Time Homebuyer Programs in California (2026 Guide)

Buying your first home in California can feel overwhelming, especially with the state's high property values. The good news? There are numerous programs designed specifically to help first-time buyers get into homeownership.

CalHFA MyHome Assistance Program

The California Housing Finance Agency (CalHFA) offers the MyHome Assistance Program, providing a deferred-payment junior loan of up to 3.5% of the purchase price for down payment and closing cost assistance.

Key Benefits:

  • Up to 3.5% of purchase price for FHA loans
  • Up to 3% for conventional loans
  • Deferred payment — no monthly payments required
  • Available statewide

CalHFA Zero Interest Program (ZIP)

The ZIP provides a zero-interest loan for closing costs up to 3% of the first mortgage loan amount.

Income Limits & Eligibility

To qualify for most California first-time buyer programs, you must:

  • Be a first-time homebuyer (haven't owned a home in 3+ years)
  • Meet income limits (varies by county)
  • Complete a homebuyer education course
  • Use the property as your primary residence

San Diego County Programs

San Diego offers additional local programs:

  • SDHC First-Time Homebuyer Program — Up to $10,000 in down payment assistance
  • CalHome Program — Deferred loans for low-income families

How RealMortgage Can Help

As your local mortgage broker, we'll match you with the right combination of programs to maximize your savings. We compare rates from 50+ lenders to ensure you get the best deal.

Ready to explore your options? Contact us today for a free consultation.

Frequently Asked Questions

What is the CalHFA MyHome Assistance Program?

The CalHFA MyHome Assistance Program offers a deferred-payment junior loan to help first-time homebuyers with down payment and closing costs. It can provide up to 3.5% of the purchase price for FHA loans, making homeownership more accessible for eligible individuals.

Who is considered a first-time homebuyer for these programs?

Generally, a first-time homebuyer is defined as someone who has not owned and occupied a home as their primary residence in the past three years. This definition is crucial for qualifying for many state and local assistance programs designed for new homeowners.

Are there income limits for California's first-time homebuyer programs?

Yes, most first-time homebuyer assistance programs in California have specific income limits that vary by county and program. These limits ensure that the aid is directed towards individuals and families who truly need financial assistance to purchase a home.