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2018 CA Down Payment Assistance Updated Expanded

2018 Buyer Assistance Update Making California More Affordable?


NEW 2018 Income limit allows more California first time home buyers to qualify for down payment assistance.

  • Income limit no longer based on family size
  • New income limit ranges from $118,550 to $228,300
  • Buy a house up to $660,000 sales price

CalHFA Buyer Assistance Loans

CalHFA offers Conventional and FHA first mortgages.  When you qualify for a CalHFA first mortgage, you are automatically eligible the down payment and closing cost assistance that accompanies it.

Do you qualify for California buyer assistance? Find Out Now!

The exceptions are the Extra Credit Teacher Program (ECTP) and the Mortgage Credit Certificate (MCC), which have additional qualifying criteria.

CalHFA Conventional First Mortgage

  • CalHFA Conventional Loan Program – 30 year fixed rate first mortgage loan insured with discounted private mortgage insurance using Fannie Mae underwriting guidelines.
  • CalPLUS Conventional Loan Program – CalHFA Conventional first mortgage with a slighter higher interest rate than the standard conventional loan.  This option is combined with the CalHFA Zero Interest Program (ZIP), which can be used to pay closing costs only.

CalHFA FHA First Mortgage

  • CalHFA FHA Loan Program – 30 year fixed rate FHA insured first mortgage loan.
  • CalPLUS FHA Loan Program – CalHFA FHA first mortgage with a slighter higher interest rate than the standard conventional loan.  This option is combined with the CalHFA Zero Interest Program (ZIP), which can be used to pay closing costs only.
  • Cal-EEM + Grant – Energy Efficient Mortgage program.  4% Grant can be used for energy efficient upgrades and may exceed FHA loan limits.

CalHFA Down Payment Assistance Programs

  • MyHome Assistance Program – Deferred payment, silent second loan up to the lesser of three and a half percent (3.5%) of the purchase price or appraised value.  MyHome Assistance can be used for down payment or closing cost assistance, and can be used with any CalHFA first mortgage program, including CalPLUS with ZIP.  Must be first time home buyer.
  • (ECTP) Extra Credit Teacher Home Purchase Program – Available to teachers, administrators, school district employees and staff members working for any California K-12 public school, which includes Charter schools and county/continuation schools.  Offers between $7,500 to $15,000 in down payment assistance for first time home buyers.

No Income Limit for Family Size

The California first time homebuyer assistance agency (CalHFA) will no longer base qualifying income limit on family size.

Are you eligible after new income limit increase? Click Here to Apply Now!

This is great news for home buyers that do not have a large family, and want to buy their first home in California.

Under previous loan limits, California home buyers were penalized for having less than 8 family members living in the home.

Income limits were based on family size ranging from 1 person to 8 persons, with the previous down payment assistance rules.

Families with fewer than 5 to 8 members were being unfairly excluded from buyer assistance due to California home prices sky rocketing since 2013.

California home buyers can use CalHFA down payment and closing cost assistance programs to purchase a home up $660,000.

The new income limits do not apply to the MCC mortgage credit certificate tax credit program because this program is tied to federal income tax rules.

Apply for Down Payment Assistance Today - Click Here!

2018 CalHFA Loan Limit by County

Colusa$118,550San Benito$160,550
Contra Costa$192,800San Bernardino$128,700
Del Norte$118,550San Diego$157,050
El Dorado$150,650San Francisco$228,300
Fresno$118,550San Joaquin$131,250
Glenn$118,550San Luis Obispo$164,700
Humboldt$118,550San Mateo$228,300
Imperial$118,550Santa Barbara$152,600
Inyo$142,550Santa Clara$224,300
Kern$118,550Santa Cruz$172,250
Los Angeles$128,300Solano$163,550

Apply for Down Payment Assistance

Ask any questions you have about these programs in the comments section below.  I will be instantly notified and typically answer questions very quickly.

California Down Payment Assistance - Apply Today!

If you’re ready to see if you’re eligible for down payment and closing cost assistance after these changes, Apply Below…

CA FP DPA Updated 2018

Do you qualify for California buyer assistance? Find Out Now!

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About Your Expert

Scott Schang

As a 19 year veteran of the Mortgage and Real Estate industry, I am passionate about educating and empowering consumers. I have been writing about consumer protection issues, and making sense of complicated real estate and mortgage topics on this website since 2007

Leave a Question or Comment About this Topic

  • Carmen says:

    Ok, I don’t understand how the Los Angeles limit amount of 123,000 will help me purchase a home. Is this the money I can get from a government program to assist with the cost of housing

    • Hi Carmen,the income limits used to be much lower, preventing buyers from qualifying for down payment assistance programs. California has programs that can help pay most of your down payment and closing costs, but because of high home prices and low income limits, it was very difficult to qualify for the assistance. If you make less than $123,000, and but a home for $660,000, you might qualify for help.

  • Tee says:

    If you previously owned a home and want to qualify for first buyers programs mentioned above how much time has to have passed since you owned a home?

    • Hi Tee, neither of the CalPlus loans require you to be a first time homebuyer. These programs are great for paying your closing costs. The “First Time Home Buyer” programs require that you have not owned a primary residence in the past 3 years.

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