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Borrower Eligibility

Borrower Requirements

CalHFA does not accept applications directly. A CalHFA approved Lender will qualify you for a home loan, so you will need to apply with one of our Preferred Loan Officers or approved Lenders. Each loan program that CalHFA offers to homebuyers can have different criteria for income limits, minimum credit scores, citizenship etc. 

In general these are borrower eligibility requirements for all CalHFA programs:

  • You must be a U.S. citizen, permanent resident or other qualified alien.

  • You will need to meet credit, income limits and loan requirements of the CalHFA-approved lender and the mortgage insurer.

  • You will need to live in the home you are purchasing for the entire term of the loan, or until the home is sold or refinanced.

  • CalHFA borrowers must complete homebuyer education counseling and obtain a certificate of completion through an eligible homebuyer counseling organization.

  • CalHFA's down payment programs MyHome and ECTP and the MCC require you to be a first-time homebuyer. 

If you've owned a home previously and lost it during the mortgage meltdown, you still qualify as a first time buyer after 3 years.