First Time Homebuyers - Up to 20% Down Payment   Assistance Or Grant Loan Program by CalHFA

Starting from Spring (March 19, 2024)

This program is for first-time homebuyers purchasing an owner-occupied property anywhere in California. 

What is “First Generation” [7 Years Gap] Homebuyer Status?

One buyer must be the first generation homebuyer.

A first-generation homebuyer is defined as a homebuyer who has not been on title, 
held an ownership interest or have been named on a mortgage to a home (on permanent foundation and owned land) in the United States in the last 7 YEARS

Owner Occupancy

All borrowers must occupy the property as their primary residence within sixty (60) days of closing. Non-occupant co-borrowers are not allowed.• Non-occupant co-signors are not allowed.


Repayment of the principal and any share of the appreciation on the Shared Appreciation Loan shall be due and payable at the earliest of the following events:


-Transfer of title

• Sale of the property

• Payoff of the first loan

• Payoff of the subordinate loan principal balance 

• Refinance of the first loan – see Refinance and Re-subordination section

• The formal filing and recording of a Notice of Default (unless rescinded) 

This loan is not assumable.