Making Homeownership Possible for More Californians
Buying your first home is an exciting milestone, but it can also be financially challenging — especially in California’s competitive market. Fortunately, there are several loan programs and assistance options designed to help first-time buyers achieve their dream of homeownership.
Here’s an overview of the most popular programs available in California and how Boutique Realty can help you take advantage of them.
1. CalHFA Loan Programs
The California Housing Finance Agency (CalHFA) offers programs specifically for first-time homebuyers.
- CalHFA FHA & CalPLUS FHA Loans: Combine a fixed-rate FHA loan with down payment and closing cost assistance.
- MyHome Assistance Program: Offers deferred-payment loans to help with down payments or closing costs.
Benefits:
- Low down payment options
- Flexible income requirements
- Deferred payments on assistance loans
2. FHA Loans (Federal Housing Administration)
FHA loans are ideal for buyers with limited savings or less-than-perfect credit. They allow down payments as low as 3.5% and are backed by the federal government, making them easier to qualify for.
Benefits:
- Lower credit score requirements
- Smaller down payment
- Competitive interest rates
3. VA Loans (Department of Veterans Affairs)
For veterans, active-duty service members, and eligible spouses, VA loans offer some of the best mortgage benefits available.
Benefits:
- No down payment required
- No private mortgage insurance (PMI)
- Competitive interest rates
4. USDA Loans (U.S. Department of Agriculture)
If you’re buying in a rural or suburban area, a USDA loan can be an excellent option. These loans are designed to encourage homeownership in less densely populated areas.
Benefits:
- No down payment
- Low fixed interest rates
- Income-based eligibility
Final Thoughts
There are more options for first-time homebuyers than ever before — and the right loan program can make your first home much more affordable.
At Boutique Realty, we help clients explore these programs, connect with qualified lenders, and find the best path to homeownership.
📞 Call Boutique Realty at 818-312-0831 or visit allensellsla.com to start your journey toward owning your first home.