California CalHFA MyHome Assistance Program Checklist

A step-by-step checklist for consumers applying for the California CalHFA MyHome Assistance Program in 2025.

Determine Your Eligibility

Confirm that your household income falls within the program’s maximum limits, which are based on family size and county.
Verify that your credit score meets the minimum program requirement, typically at least 640 for FHA loans and 660 for conventional loans. Your assigned Loan Officer may provide specific guidance.
Ensure the property you intend to purchase is within the program’s price limits and will serve as your primary residence.
Review any additional criteria, such as being a first-time homebuyer or meeting residency requirements in California.

Gather proof of income, such as recent pay stubs, W-2 forms, or other income verification documents.
Collect copies of your tax returns for the past two years, including all supporting schedules.
Obtain bank statements covering the last two to three months for all financial accounts.
Prepare property details, including the address, purchase agreement, and sale price.
Compile any additional documents requested by your Loan Officer, such as verification of assets, liabilities, or other financial records.

A Loan Officer has been assigned to guide you through the California CalHFA MyHome Assistance Program.
Schedule a meeting or call with your Loan Officer to review eligibility criteria, discuss program details, and clarify the steps involved in the application process.
Ask questions about the program benefits, documentation requirements, or the timeline for approval.
Follow your Loan Officer’s instructions to gather and submit all necessary documentation promptly and accurately.

Work closely with your Loan Officer to accurately complete the application for the MyHome Assistance Program.
Submit all required documents to verify your eligibility for down payment assistance.
Review the completed application with your Loan Officer to ensure it is thorough and error-free before submission.
If required, attend a homebuyer education course to fulfill the program prerequisites.

Sign all necessary program documents provided by your Loan Officer to finalize your participation.
Be prepared to cover any additional costs not included in the program assistance, such as closing fees or prepaid expenses.
Receive confirmation of your enrollment and detailed instructions on how the assistance will be applied to your down payment and/or closing costs.

Ensure that the purchased property remains your primary residence for the duration required by the program’s guidelines.
Notify your Loan Officer promptly if you plan to sell, refinance, or make changes to your mortgage, as these actions may impact your program benefits.
Stay informed of any updates or changes to the program to maintain compliance and retain your assistance benefits.