Cal Home

Cal Home Second Mortgage Loan Program 

The State of California Housing and Community Development Department awarded grants to MHDC that provide silent second mortgage loans to very low-and low-income, first-time homebuyers in Los Angeles County. These loans assist in the purchase of homes in Los Angeles County.  CalHome loans are funded up to $55,000.  Download and complete an intake form for our First Time Homebuyer Program

• Have not had an ownership interest in residential real estate within the preceding three years.

• A minimum down payment equal to 3% of the sales price, which amount shall be contributed from the borrower’s personal resources or amount may be gifted.

• Maximum loan amount is up to $55,000

• Buyers must attend a homebuyer education class approved by MHDC.

• Fico score must be a 620 or better

 

Household Size

Maximum Income

1

$63,100

2

$72,100

3

$81,100

4

$90,100

5

$97,350

6

$104,550

7

$111,750

8

$118,950

We Make it Easy For You

First Time Home Buyer Form