Requirements

Details and Reference Sources

First-Time Homebuyer

Borrower must be a first-time homebuyer purchasing one of these select properties within California. Borrower must be a first-time homebuyer purchasing a primary residence intended for owner-occupancy.

You are considered a first-time homebuyer is you have not owned a home in the past three (3) years.

Property List

Current property list

Special Reduced
Interest Rate

5.50% fixed interest, amortized over 30 years, with Principal and Interest

Income Limits

Refer to CalHFA’s income limits established for the county in which the borrower is purchasing.

Sales Price Limits

Refer to CalHFA’s published sales price limits for the county in which the borrower is purchasing.

Citizenship

Be a U.S. citizen, permanent resident alien or other qualified alien

Property Eligibility

• Existing Single family, one unit residence, including condo/PUDs
• Manufactured housing is not allowed with this program

Available Through Approved Lenders

Contact 1-858-693-5404, an approved CalHFA lending Agency.

Other Requirements

Homebuyer education is required for all borrowers using the CSHLP. 

• Fannie Mae Homebuyer Counseling Counselors/Administrators Search
• Freddie Mac Homebuyer Counseling Counselors/Administrators Search
  
• Genworth Homebuyer Counseling
• Countrywide Homebuyer Counseling
• HUD-approved Housing Counselors

Other program requirements may apply; please contact us for more details.