30-Year Fixed Mortgage

This conventional first mortgage loan program is designed to enhance affordability and homeownership opportunities by offering a low, fixed interest rate . This program is intended for first-time homebuyers who meet specified low and moderate income limits and who are purchasing a new or existing home anywhere in California.

How The Program Works

This program offers up to 95% financing of the home sales price within CalHFA’s defined sales price limits. This first mortgage loan may also be combined with CalHFA junior loan programs, for down payment and closing cost assistance, to make owning your first home more affordable.

Program Elements

Requirements

Details and Reference Sources

First-Time Homebuyer

Borrower must be a first-time homebuyer purchasing a primary residence intended for owner-occupancy.

Income Limits

Refer to CalHFA’s income limits established for the county in which the borrower is purchasing.

Sales Price Limits

Refer to CalHFA’s sales price limits established for the county in which the borrower is purchasing.

Citizenship

Be a U.S. citizen, permanent resident alien or other qualified alien.

Property Eligibility

  • Single family, one unit residence, including condo/PUD. (50% occupancy ratio required on existing condominiums)
  • Manufactured housing must meet eligibility requirements.

Available Through Approved Lenders

Refer to CalHFA’s approved lender list for a lender in your area.

Other Requirements

Meet credit, income and loan requirements of CalHFA. Other program requirements may apply; please contact an approved lender for more details.

For More Information

To learn more about the 30-Year Fixed Mortgage, contact us at :

CalHFA Homeownership Division
P.O. Box 4034 , Sacramento, CA 95812
Phone: 877.9.CalHFA
Email: homeownership@calhfa.ca.gov

Homebuyers interested in applying for financing, should contact one of CalHFA's approved lenders.

CalHFA does not lend money directly to consumers. We use approved private lenders to qualify consumers and make all mortgage loans. Rates can vary depending on loan program and income level. View the sample Truth in Lending disclosure here.