Quick answer: California offers several first-time buyer programs through CalHFA (the state housing agency) and local agencies, including low-down-payment loans and down payment assistance. Eligibility depends on income limits, the purchase price, and completing a homebuyer education course. A participating lender can confirm which programs fit you.
Key takeaways
- CalHFA runs the state’s main first-time buyer loan and assistance programs.
- Assistance often comes as a second loan that helps cover the down payment.
- Programs have income and price limits that vary by county.
- Most require a homebuyer education course.
- You typically apply through a CalHFA-approved lender, not the state directly.
Types of help available
- First mortgage programs with competitive rates for eligible buyers.
- Down payment / closing cost assistance, often as a deferred second loan.
- Mortgage credit certificates that can provide a federal tax credit.
Who qualifies?
Eligibility generally depends on being a first-time buyer (no ownership in the last three years), staying within county income limits, buying under a price cap, and finishing an approved education course. The exact numbers change, so verify current limits with a lender.
How to apply
You apply through a CalHFA-approved lender who checks your eligibility and pairs the assistance with your main loan. we can connect you with local lenders who handle these programs regularly — Have questions? Book a free consultation and we’ll walk you through your options.
Frequently Asked Questions
What first-time buyer programs does California offer?
Mainly CalHFA loans plus down payment and closing-cost assistance, and mortgage credit certificates. Local city and county programs may add more.
Who counts as a first-time buyer in California?
Usually someone who hasn’t owned a primary residence in the past three years. Some programs have exceptions.
Do California assistance programs have income limits?
Yes. Limits vary by county and program and are updated periodically, so confirm current figures with an approved lender.
Do I have to repay down payment assistance?
Often yes — many programs are deferred second loans repaid when you sell or refinance. Terms vary by program.
How do I apply for CalHFA programs?
Through a CalHFA-approved lender, who confirms eligibility and combines the assistance with your primary mortgage.
Written by Surbhi Gupta, REALTOR® · CA DRE# 02314083 · eXp Realty of California, Inc. Serving Fremont, Union City, Newark, Hayward & Milpitas. This article is for general education, not financial advice — confirm current figures with a licensed professional.
