CalHFA loan and assistance programs can help eligible California buyers cover down payment and closing costs—making it possible for some qualified borrowers to purchase with little or even $0 out of pocket.
No obligation. Eligibility, rates, terms and available assistance vary.
Eligible funds may reduce the cash needed at closing.
Certain program combinations may help with eligible costs.
Designed for qualified buyers purchasing a primary residence.
Omega Mortgage Group can help you understand which CalHFA first-mortgage and assistance options fit your finances, then map out the estimated cash needed before you make an offer.
Eligible assistance may be applied toward your down payment, which can make buying sooner more realistic.
Depending on the program and transaction, assistance and allowable credits may help with eligible closing costs.
We review the first mortgage, subordinate assistance, estimated payment and repayment terms together.
Program limits and availability change. A quick conversation lets us assess the complete picture—not just one number.
Exact guidelines depend on the loan and assistance program. Common considerations include:
The home must meet location, occupancy, property-type and sales-price requirements.
Borrowers generally must occupy the property as their primary home within the required timeframe.
Household income, credit, debt-to-income ratios and other underwriting criteria apply.
CalHFA-approved education and counseling may be required before closing.
Share your target area, timeline, income and available funds in a short eligibility review.
We’ll explain estimated payments, cash to close, assistance terms and any repayment obligations.
Complete required education, gather documents and move forward with a clear preapproval strategy.
It may be possible for some qualified borrowers when eligible assistance and allowable credits cover the required down payment and closing costs. It is not guaranteed. Your actual cash to close depends on program eligibility, property, loan terms, credits, reserves and transaction costs.
Not necessarily. Many assistance options are subordinate loans that may be deferred but must be repaid under their program terms. We will explain the interest, repayment triggers and total financing before you decide.
Some programs require first-time homebuyer status while others may have different rules. We’ll check the current guidelines for you.
No. The home and transaction must meet applicable property type, occupancy, sales price, appraisal and program requirements. Program availability can also change.
It can. Your first mortgage and any subordinate financing should be evaluated together. We provide estimates so you can compare the monthly payment, cash to close and long-term obligations.
A quick review can reveal options you may not know are available.
Infinity Equity Group, LLC dba Omega Mortgage Group. Equal Housing Lender. NMLS #1253874. CalHFA programs are subject to availability, funding, borrower and property eligibility, underwriting approval, income and sales-price limits, and program guidelines. Assistance may be provided through a subordinate loan and may require repayment. “$0 out of pocket” is not guaranteed and refers only to qualified transactions where eligible assistance and/or allowable credits are sufficient to cover required down payment and closing costs; reserves, deposits or other funds may still be required. This is not an offer or commitment to lend. Omega Mortgage Group is not CalHFA or a government agency. Terms and guidelines may change without notice.
