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Nick Nagy · Down payment assistance

Nick Nagy Works CalHFA Down Payment Assistance for California Buyers

MyHome is active. Dream For All’s voucher portal is closed to new applications, as of this page’s read date.

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The answer

The direct answer

California’s MyHome Assistance Program offers a deferred junior loan for down payment or closing costs, up to 3.5 percent of the purchase price on an FHA-paired file, or up to 3 percent on a conventional-paired file, per CalHFA. Nick Nagy checks a buyer’s file against current CalHFA eligibility.

What I tell people first

I would rather tell a buyer plainly what is open right now than let them plan around a program that already closed its applications. MyHome is active. Dream For All’s voucher portal is not taking new applications as of this page’s read date. A program on a flyer is not the same as a program you can actually use today, and this page names the difference clearly.

Who this page is for

This page is for a California buyer trying to understand what down payment assistance is actually available right now, not just what exists on paper. You want the current status of each program, not an outdated version of it, and to know how the repayment actually works.

The fact this page stands on
CalHFA’s MyHome Assistance Program offers a deferred junior loan up to 3.5 percent of the purchase price on an FHA-paired file, or up to 3 percent on a conventional-paired file.
Source
CalHFA, MyHome Assistance Program, calhfa.ca.gov, read September 6, 2026.
Last verified
September 6, 2026
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Nick Nagy, mortgage broker and loan officer at Loan Factory
Nick Nagy NMLS #314880 · CA DRE #01444600 · Loan Factory, Inc. · 23 years About Nick · Licences, verified at source · Text 916-805-1933

Part of the Nick Nagy pages on go.homeaccesslist.com, and of the California Mortgage Answer Desk.

How it works

CalHFA’s MyHome Assistance Program

MyHome offers a deferred-payment junior loan for down payment or closing costs. On an FHA-paired file, that loan can reach up to 3.5 percent of the purchase price or appraised value, whichever is lower, per CalHFA.

On a conventional-paired file, MyHome offers up to 3 percent instead. Both require the buyer to be a first-time buyer, occupy the home as a primary residence, and meet CalHFA’s income limits.

MyHome pairs most commonly with an FHA or a Fannie Mae 97 percent loan-to-value first mortgage, which is why these programs tend to get discussed together.

Property eligibility also matters. Single-family homes, approved condos, and some manufactured housing can qualify, subject to the first mortgage’s own rules.

The detail that matters

The required homebuyer education course

CalHFA requires one occupying first-time borrower on each loan to complete a homebuyer education and counseling course before closing, either online or through an approved in-person or virtual provider.

This requirement applies across CalHFA’s programs, not only MyHome, and exists to confirm the borrower understands the loan terms before signing.

Completing the course early in the process avoids it becoming a last-minute item right before closing.

Only one occupying first-time borrower on the loan needs to complete it, which matters for a purchase with more than one borrower on the file.

How it works

Dream For All: what it is, and its current status

California’s Dream For All Shared Appreciation Loan offers up to 20 percent for down payment or closing costs, not to exceed $150,000, for eligible first-generation homebuyers, per CalHFA.

As of this page’s read date, CalHFA’s Dream For All voucher portal is closed to new applications. A buyer should check with a CalHFA-approved loan officer for the program’s current status before planning around it.

Unlike MyHome, Dream For All shares in the home’s future appreciation rather than charging a fixed repayment, which makes its terms worth understanding closely if the program reopens.

The detail that matters

How a junior loan actually works

A CalHFA junior loan is not a grant. It gets repaid, typically when the home is sold, refinanced, or the first mortgage is paid off, depending on the specific program.

A buyer should understand the full repayment terms of any junior loan before counting on it to lower their out-of-pocket cash to close.

Reading the specific repayment terms before closing, rather than after, avoids a surprise years later when the home eventually sells or refinances.

How it works

How Nick Nagy checks eligibility

Nick Nagy checks a buyer’s income, first-time buyer status, and the property type against CalHFA’s current published eligibility rules before recommending any specific program.

That check happens before a buyer starts shopping, so the down payment plan is realistic from the first house they look at.

Running this check early also flags whether a first mortgage pairing works with the specific assistance program a buyer has in mind.

Check my assistance options 237 lenders, one file, no second application.
Files like these

Three files, and what changed the answer

A first-time buyer using MyHome with an FHA loan

A first-time buyer’s FHA file gets paired with a CalHFA MyHome junior loan to cover part of the down payment, subject to CalHFA’s income limits and the required education course.

A buyer asking about Dream For All

A buyer heard about Dream For All’s shared appreciation structure and wants to apply. The file gets checked against the program’s current voucher application status before anything else.

A buyer weighing a junior loan against saving longer

A buyer compares using a CalHFA junior loan now against waiting to save a larger down payment. The full repayment terms of the junior loan get laid out before deciding.

None of these is a promise about your file. They are shapes. The number on your own file comes from running it, which is the point of the form on this page.

Where it goes wrong

The mistakes, and none of them is the buyer

More about Nick

The rest of the Nick Nagy pages

Every question on the desk sits at the California Mortgage Answer Desk. Run your own numbers at nickfunds.com.
Nick Nagy, mortgage loan originator, Loan Factory, Inc.
Who answers

Nick Nagy

23 years in California lending · NMLS 314880 · CA DRE 01444600 · Loan Factory, Inc.

Dual licensed, so the loan side and the real estate side of a move get looked at as one problem instead of two. Most of what goes wrong in a move is a timing problem wearing a financing costume, and it is cheaper to catch it before you write an offer than after.

Financing is placed through Loan Factory, Inc. Real estate work is under CA DRE 01444600. More about Nick.
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The desk behind the file

One file, 237 lenders competing for it, and a broker who has done this for 23 years.

Loan Factory, Inc. is the brokerage. These are its published figures.

20,907+Loan Factory Google reviews
5.0Loan Factory average rating
237Lenders available through Loan Factory
48States Loan Factory is licensed in

A retail bank has one guideline book. A broker shops the same file across the shelf and finds the lender whose box it already fits.

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Straight answers

Questions people here actually ask

The follow-on questions, answered in the order they get asked.

Does Nick Nagy help with down payment assistance?

Yes. Nick Nagy checks a buyer’s file against CalHFA’s current down payment assistance programs, including MyHome.

Is Nick Nagy a CalHFA MyHome lender?

Nick Nagy works with CalHFA’s MyHome Assistance Program for eligible California buyers, per calhfa.ca.gov.

Is Dream For All still accepting applications?

As of this page’s read date, CalHFA’s Dream For All voucher portal is closed to new applications. Check with a CalHFA-approved loan officer for current status.

How much does MyHome offer toward a down payment?

Up to 3.5 percent of the purchase price on an FHA-paired file, or up to 3 percent on a conventional-paired file, per CalHFA.

Do I have to repay a CalHFA junior loan?

Yes. A CalHFA junior loan is not a grant. It gets repaid under the specific terms of that program, typically when the home sells or refinances.

Ask a question that is not on this page
The person, not a call center

Talk to Nick Nagy directly

Text 916-805-1933, or send the situation through the form below. I read every one myself.

Mortgage loan originator, NMLS 314880, and licensed real estate salesperson, CA DRE 01444600, both under Loan Factory, Inc. 20,907+ Google reviews · 5.0 average · 237 lenders, the company's own published figures.

Text Nick at 916-805-1933 Or use the form below. No credit pull to start.
Your own file

Ask Nick directly, not a call center

Tell me the situation in plain English. If your file changes anything on this page, I will run it on your actual numbers. Private, no obligation, and nothing is published or shared.

    What happens after you send it
  1. You send the situation. Your question, a number to reach you, and one line about where you are. No credit pull, no documents, nothing published.
  2. Nick reads it himself. Your file goes against the programs that apply, shopped across 237 lenders through Loan Factory, not one bank's guideline book.
  3. You get the number and keep it. A straight answer on what your file supports and what it does not. If waiting is the better move, that is the answer you get, and the numbers are yours either way.
Where are you right now?

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CalHFA’s MyHome Assistance Program www.calhfa.ca.gov/homebuyer/programs/myhome.htm