Comparing Assistance vs Short Sale Options

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TRUMP THE WHITE HOUSE, March 13, 2026.

CalHFA gives California newbie buyers 4 working support programs in 2026: MyHome (approximately 3.5% of the rate for down payment or closing expenses), ZIP (2% to 3% in zero-interest closing expense assistance), MyAccess (a 2.5% delayed loan), and Dream For All (as much as 20% of the cost, capped at $150,000, for first-generation buyers).

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The catch is eligibility: your certifying earnings needs to clear your county's 2026 limitation, one debtor needs a homebuyer education certificate, and MyHome and Dream For All both need newbie buyer status. Dream For All is closed as of July 2026, while MyHome and ZIP stay open year-round. This page sets out each program with the 2026 numbers, pulled from the company's published limitations and lending institution matrices.

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Absolutely nothing sours a purchaser much faster than reading about last year's program that stopped taking applications. We'll inspect your earnings against the present 2026 table and tell you which state programs your file in fact supports, at no expense.

Here is how they line up. ProgramWhat it coversAmountInterestKey requirementDown payment or closing costs3.5% (FHA), 3% (traditional, VA, USDA)Simple interest, deferredFirst-time buyer; any CalHFA initially mortgageClosing expenses only2% or 3% of the very first mortgageZero interestCalPLUS first mortgageDown payment or closing costs2.5% of the loan amountDeferredCalPLUS Gain access to first, coupled with MyHomeDown payment or closing costsUp to 20% of cost, max $150,000 Shared appreciationFirst-generation and newbie purchaser; window-basedEvery row is a deferred junior loan.

CalHFA is the California Real Estate Finance Firm, and it has actually funded homes since 1975. That financing design is why its core programs stay open year after year while grant-funded programs come and go.

The firm never provides to you straight. A CalHFA-approved personal loan provider stems the loan, through loan officers the state has trained. The loan officer matters.

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No application season, no lottery, no race versus a funding swimming pool that clears mid-year. That dependability pays off when you prepare months ahead. Dream For All is the exception, and we cover its window-based reality below. MyHome is a deferred-payment junior loan, the firm's own term for a second home loan without any month-to-month payments.

On traditional, VA, and USDA loans the cap is 3%. The statewide median home ran approximately $930,000 in May 2026, per the California Association of Realtors.

The program handbook specifies it as a simple-interest loan. ZIP is the truly zero-interest program. MyHome sits in second lien position behind your first home mortgage.

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Lenders call these "silent seconds" due to the fact that the junior loan makes no regular monthly demand on your budget plan. Your real estate cost is just the very first mortgage, taxes, and insurance.

For a lot of purchasers that beats draining pipes cost savings at closing. The deferred balance grows slowly, and California equity has actually historically grown faster, though nobody can assure that pattern for any given year or neighborhood. ZIP represents No Interest Program. It is closing expense help in its purest type. The loan equals 2% or 3% of your very first mortgage, and it charges no interest.