Found you money to help you buy your home
Feb 07, 2019•4 min•Season 1Ep. 8
Episode description
The MyHome Assistance Program (MyHome) is a deferred payment, simple interest rate
subordinate loan that may only be used with a CalHFA first mortgage. Your low to moderate
income first-time homebuyer can use this loan for down payment and/or closing cost assistance. The MyHome loan provides up to 3.50% of the sales price or appraised value of the
property, whichever is less, and must be recorded in second lien position.
CalHFA allows qualified homebuyers to layer other down payment assistance loans or grants
to maximize affordability (with the exception of the School Program).