A CalHFA approved Lender will qualify you for a home loan, so you will need to apply with one of our Preferred Loan Officers or approved Lenders. American Best Realty works with lenders approved to provide it. The loans  that CalHFA offers to homebuyers can have different criteria for income limits, minimum credit scores, citizenship etc. To learn about specific requirements and benefits for each program, please contact Us.

In general these are borrower eligibility requirements for all CalHFA programs:

- You must be a U.S. citizen, permanent resident or other qualified alien.
- You will need to meet credit, income limits and loan requirements of the CalHFA-approved lender and the mortgage insurer.
- You will need to live in the home you are purchasing for the entire term of the loan, or until the home is sold or refinanced.
CalHFA borrowers must complete homebuyer education counseling and obtain a certificate of completion through an eligible homebuyer counseling organization.
CalHFA's down payment programs MyHome and School Teacher and Employee Assistance Program and the MCC require you to be a first-time homebuyer. To know for sure, you should understand that a first-time homebuyer is defined as someone who has not owned and occupied their own home in the last three years. That means if you've never owned a home, you're a first-time homebuyer. It also means that if you owned your home three or more years ago, but sold it, you are right back to being a first-time homebuyer again, and you can take advantage of all of the benefits of CalHFA's first-time homebuyer programs.

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