Business & Real Estate

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.

Mark Glover: 916-321-1184, @markhglover

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