Comparing Mortgage Refinance Options Today

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TRUMP THE WHITE HOME, March 13, 2026.

CalHFA gives California first-time purchasers four working help programs in 2026: MyHome (as much as 3.5% of the cost for down payment or closing expenses), ZIP (2% to 3% in zero-interest closing cost aid), MyAccess (a 2.5% delayed loan), and Dream For All (as much as 20% of the price, capped at $150,000, for first-generation buyers).

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The catch is eligibility: your certifying income must clear your county's 2026 limitation, one borrower requires a property buyer education certificate, and MyHome and Dream For All both require novice buyer status. Dream For All is closed since July 2026, while MyHome and ZIP stay open year-round. This page lays out each program with the 2026 numbers, pulled from the firm's released limitations and lending institution matrices.

Ways to Manage Mortgage Debt Smartly in 2026

Nothing sours a purchaser quicker than reading about last year's program that stopped taking applications. We'll check your earnings versus the present 2026 table and tell you which state programs your file really supports, at no expense.

Here is how they line up. ProgramWhat it coversAmountInterestKey requirementDown payment or closing costs3.5% (FHA), 3% (conventional, VA, USDA)Simple interest, deferredFirst-time buyer; any CalHFA first mortgageClosing expenses only2% or 3% of the 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 rate, max $150,000 Shared appreciationFirst-generation and novice purchaser; window-basedEvery row is a deferred junior loan.

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

The company never provides to you straight. A CalHFA-approved personal lender comes from the loan, through loan officers the state has trained. The loan officer matters.

Available Federal Grants to Help Families

No application season, no lottery, no race versus a financing pool that empties mid-year. That dependability settles when you prepare months ahead. Dream For All is the exception, and we cover its window-based truth below. MyHome is a deferred-payment junior loan, the firm's own term for a 2nd home mortgage without any monthly 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 defines it as a simple-interest loan. Nothing leaves your pocket month to month. The balance you eventually repay is principal plus accumulated simple interest. ZIP is the genuinely zero-interest program. MyHome sits in 2nd lien position behind your first home mortgage. The combined loan-to-value of whatever stacked on the home can not surpass 105%.

Top Federal Assistance Programs to Help Homeowners

Lenders call these "silent seconds" because the junior loan makes no regular monthly demand on your spending plan. Your housing expense is simply the very first home mortgage, taxes, and insurance.

ZIP stands for Absolutely no Interest Program. The loan equals 2% or 3% of your very first home mortgage, and it charges no interest.