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 | $66,750 |
2 | $76,250 |
3 | $85,800 |
4 | $95,300 |
5 | $102,950 |
6 | $110,550 |
7 | $118,200 |
8 | $125,800 |
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