Why Canoga Park works for FHA buyers
FHA loans are capped at $1,249,125 in Los Angeles County for 2026. Because Canoga Park’s median is around $766K, nearly every single-family home and condo here is FHA-eligible — unlike pricier West Valley markets where many homes exceed the limit.
CalHFA MyHome down-payment assistance
CalHFA’s MyHome Assistance Program is a deferred-payment junior loan of up to 3.5% of the purchase price (FHA) or 3% (conventional), used for down payment or closing costs. It is a “silent second” — no payments until you sell, refinance, or pay off the home. Borrowers must occupy the home as a primary residence and complete homebuyer education. CalHFA works through approved loan officers, not directly.
A note on Dream For All
CalHFA’s higher-assistance Dream For All shared-appreciation program is heavily oversubscribed; its application portal closed in March 2026 and is not currently accepting new applications. MyHome remains the workhorse down-payment program for most first-time buyers today — always confirm current program availability with an approved lender.
Your Canoga Park starting point
Start with the Canoga Park real estate guide for current market data, then get pre-approved with a CalHFA-approved lender. We can connect you with lenders who handle FHA + MyHome regularly.
Frequently asked questions
Can I use an FHA loan in Canoga Park?
Yes — easily. The 2026 FHA limit for Los Angeles County is $1,249,125, far above Canoga Park’s median of about $766K, so nearly every home here is FHA-eligible with as little as 3.5% down.
What down-payment assistance is available?
CalHFA’s MyHome program offers a deferred silent-second loan up to 3.5% of the price (FHA) for down payment or closing costs. Homebuyer education and primary-residence occupancy are required.
Is CalHFA Dream For All still available?
No new applications — the Dream For All portal closed in March 2026. MyHome remains available; verify current status with an approved lender.
Talk to a local expert
Brian Cooper has 20+ years and $100M+ in closed sales across this region. Free, no-obligation consultation.