School Teacher and Employee Assistance Program

Are you a teacher or staff member serving in one of California’s public schools? CalHFA would like to say “thank you” with the School Program.

Rewards Teachers

and staff who serve in California’s public school.

Up to 4% of the sales

price or appraised value for downpayment or closing cost assitance.

Deferred Payments

How does this program work?


Saving enough money to BUY A HOME might feel overwhelming.

CalHFA Program makes the impossible possible.


You can combine this program with other CalHFA Programs like CalPLUS that can reduce your out-of-pocket due.


Our fixed rates mean you’ll know your payments for the life of the loan.


Our lending partners are qualified loan officers who specialize in these programs, with the answers first-time home buyes need.

Frequently Asked Questions

What is CalHFA?

The California Housing Finance Agency was founded over 40 years ago and helps responsible borrowers, with good credit, purchase their first home by providing access to affordable first mortgages and down payment assistance. Even though CalHFA focuses on low to moderate income first-time homebuyers, it also has options for those who are already homeowners and look-ing to buy their next home.

What is a CalHFA loan?

CalHFA offers an array of mortgage financing and down payment assis-tance. The combined DPA programs can provide up to 7.5% of the purchase price, with a maxi-mum CLTV of 105%.

How is it different from an FHA loan?

CalHFA is not a type of loan; CalHFA is the State’s affordable housing bank and it offers programs through our network of approved lenders. CalHFA purchases FHA or Conventional firsts and down payment assistance loans from these CalHFA-approved lenders. CalHFA’s DPAs are approved by FHA and Fannie Mae as community seconds.

Will a CalHFA loan slow down the loan approval and escrow process?

A CalHFA first mortgage generally has a turnaround time at CalHFA of 3-4 business days for compliance review. CalHFA loans have straightforward paperwork, quick processing and dedicated customer service. Many of CalHFA’s preferred loan officers have closed CalHFA loans within 30 – 45 days.

Are there any costs to the seller?

There are no costs to the seller and with down payment and closing cost assistance, seller concessions may be reduced or even eliminated.

Why would a buyer use CalHFA?

Many people have good credit and a steady job, but haven’t saved up enough for a private bank’s down payment requirement. CalHFA’s programs address the down payment and closing cost needs of those homebuyers.

Are CalHFA buyers less likely to close the sale?

CalHFA buyers have solid credit scores and good incomes. They have undergone rigorous home-buyer education, so they are committed and ready to purchase.