The CalHFA MyHome Assistance Program – Your 2026 Reliable Roadmap
If you are researching how to buy your first home in California, you have likely heard of the CalHFA MyHome Assistance Program. Unlike randomized lotteries or first-generation-only grants, MyHome is a consistent, year-round resource for first-time buyers. It provides a deferred-payment junior loan that helps cover your down payment and closing costs. This means you don’t make a second monthly payment; instead, the loan is repaid only when you sell, refinance, or pay off your primary mortgage. This guide breaks down exactly how to qualify for this essential California program in 2026.
How Much Assistance Can You Get?
The amount of help you receive from the CalHFA MyHome Assistance Program depends on the type of primary mortgage you choose. Because California home prices remain high in 2026, even a few percentage points of assistance can be the difference between renting and owning.
- For FHA Loans: You can receive up to 3.5% of the purchase price or appraised value (whichever is lower).
- For Conventional, VA, or USDA Loans: You can receive up to 3% of the purchase price or appraised value.
Specifically, these funds are designed to “layer” with your first mortgage. Consequently, many buyers find they only need to contribute a small fraction of the total closing costs out of their own pocket.
2026 Eligibility: Who Qualifies?
The MyHome program is more accessible than the “Dream For All” lottery, but it still has strict 2026 requirements that our team will help you navigate.
Borrower Requirements
- First-Time Buyer Status: You must not have owned a home in the last three years.
- Primary Residence: You must live in the home you buy. Non-occupant co-borrowers are not allowed for this program.
- Credit Score: Generally, you need a minimum score of 660, though some loan types may require a 680 depending on your debt-to-income ratio. In some cases we may be able to qualify those with scores as low as 580.
- Education: You must complete an 8-hour homebuyer education course (usually through eHome) and receive a certificate.
Income Limits for 2026
Your total household income must fall below the limits set for your county. For example, as of early 2026, the income limit for Placer County and Sacramento County is approximately $239,000. These limits are generous, allowing many middle-income families in Rocklin and surrounding areas to qualify.
The Repayment “Silent” Structure
One of the best features of the CalHFA MyHome Assistance Program is that it is a “silent” second.
- No Monthly Payments: You do not add a second bill to your monthly budget.
- Simple Interest: The loan accrues a small amount of simple interest (usually 1%) over time.
- Repayment Trigger: You only pay the loan back when you sell the home, move out, or refinance your first mortgage.
Why this matters: In the current market, keeping your monthly payment as low as possible is the key to long-term financial safety.
The Funding Lab Advantage: Vetting Your MyHome Loan
Applying for assistance requires extra paperwork and a higher level of technical scrutiny. Through our framework, our senior processors review your MyHome eligibility at the same time they vet your primary loan.
By using the secure portals we ensure your sensitive financial data is protected while we move your file through the state’s approval system. We don’t just “hope” you qualify; we perform an Audit-Ready review to ensure there are no surprises during your 30-day escrow.
Conclusion: Start Your Application with Confidence
The CalHFA MyHome Assistance Program is the most reliable way for California residents to bridge the gap to homeownership. While other programs come and go, MyHome remains a cornerstone of the California market.
If you’re purchasing your first home be sure to read our First-Time Homebuyer Guide!
