My Home Assistance Program

The MyHome loan provides up to 5% at the sales price or appraised value of the property, which ever is less, funds can be used for down payments and or closing cost assistance.

[table]

Credit score: 660 minimum
Property type: SFR, PUD, Condo
Occupancy: Primary residence
Down Payment: no minimum buyer contribution is required
Loan to Value:  CLTV:   105.00%
Gift Funds Allowed. No minimum buyer contribution.
Closing cost: Seller and/or lender can pay up to 6%
Debt Ratio: 45%
Income Limit: Income Limits Apply

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  • Condos must be FHA or Fannie Mae approved
  • Lender-Paid Closing Cost program available
  • Impounds are required
  • Bankruptcy 2 yrs, Foreclosure 3 yrs, Short Sale 3 yrs (standard)
  • First time buyers only
  • Homebuyer education is required
  • 100% gift for closing funds allowed
  • Mortgage reserves required based on AUS results
  • MyHome can be combined with all Calhfa first mortgages including calplus w/zip

All program are subject to change at anytime without any further notice