no down Free California homes: zero-dollar program. California’s My Access Program: Offers first-time homebuyers the opportunity to purchase a home with zero upfront costs by covering down payments and closing costs. Program Components: The program combines three existing programs: Cal FHA Loan: Provides mortgages to qualified first-time homebuyers with income limits varying by county. My Home Program: Covers the down payment (3-3.5%) with a 1% simple interest loan, payable upon sale or refinance. My Access Program: Covers closing costs up to 2.5% of the purchase price, also at 1% simple interest, payable upon sale or refinance. Eligibility Requirements: First-Time Homebuyer: Has not owned a home (or lived in a home they owned) in the last three years. Income Limits: Vary by county; check the provided link for your county’s limit. Income limits can restrict affordability in high-cost areas. Strategic Use of the Program: Maximize Loan Amounts: Utilize the maximum amounts available from My Home and My Access150
