The CalHFA FHA Loan is an FHA-insured loan featuring a CalHFA 30-year fixed interest rate first mortgage.

CalHFA FHA LoanA CalHFA FHA loan is a type of home loan program offered by the California Housing Finance Agency (CalHFA) in collaboration with the Federal Housing Administration (FHA). These loans are designed to help California's low- to moderate-income homebuyers purchase their first home by providing affordable financing and favorable terms.

To be eligible for a CalHFA FHA loan, borrowers must meet certain income and credit requirements and complete a homebuyer education course. The income limits vary depending on the county in which the borrower is purchasing a home. The credit score requirements for CalHFA FHA loans are generally more lenient than traditional loans, with a minimum score of 640.
Overall, CalHFA FHA loans can be a good option for first-time homebuyers in California who may have limited funds for a down payment and need more flexible credit requirements. However, it's important for borrowers to carefully consider their financial situation and long-term goals before applying for any type of home loan.

The CalHFA FHA Program is an FHA-insured loan featuring a CalHFA 30-year fixed interest rate first mortgage.

Borrower Requirements

  • Occupy the property as a primary residence; non-occupant co-borrowers are not allowed.
  • CalHFA borrowers must complete homebuyer education counseling and obtain a certificate of completion through an eligible homebuyer counseling organization.
  • Meet CalHFA income limits for this program.

Property Requirements

  • Be a single-family, one-unit residence, including approved condominiums/PUDs.
    • Guest houses, granny units, and in-law quarters may be eligible.
  • Manufactured housing is permitted.
  • Condominiums must meet the guidelines of the first mortgage.

What is the interest rate?

Interest rates will vary depending on your financial circumstances, lender fees, and other factors. Interest rates can also change daily. We recommend that you check with a Maciel Mortgage Loan Officer to receive an accurate rate quote for this program.

CalHFA does not lend money directly to consumers. CalHFA works through and uses approved lenders to qualify consumers and to make all mortgage loans..

CalHFA firmly believes that homebuyer education and counseling is critical to the success and happiness of a homeowner and requires homebuyer education and counseling for first-time homebuyers using a CalHFA program.

What documents should I have ready when contacting a loan officer?

When initially contacting a loan officer, you may want to have this list of documents and information available to help answer questions that they will ask you:

  • One-month paystubs
  • Two months bank statements
  • Two-year employment history
  • Two years W2’s