CalHFA launches assistance program for first-time homebuyers

The Sacramento-based California Housing Finance Agency said Monday that it has launched the “MyHome Assistance Program” for first-time homebuyers who may need help with down payment or closing costs when purchasing a home.

Officials said prospective homebuyers can receive up to 5 percent in assistance, low interest rates and deferred payments through MyHome.

The program is available to first-time, employed buyers with good credit, and can be combined with all CalHFA first mortgage programs and the Mortgage Credit Certificate program, which provides a federal income tax credit.

For more information, see calhfa.ca.gov or call (877) 922-5432.

This story was originally published October 19, 2015 at 1:43 PM with the headline "CalHFA launches assistance program for first-time homebuyers."