Down-payment and affordability programs can make the difference for SCV buyers, but their funding and terms change frequently. This guide explains the CalHFA MyHome Assistance Program in general terms and stresses confirming current details before you rely on it.
General education, not advice. This page explains financing, property-tax, and special-assessment concepts for Santa Clarita Valley buyers and homeowners. It is not financial, tax, or legal advice and it is not a loan offer. Mortgage rates and program terms change constantly, and tax rules depend on your specific facts. Confirm every figure and qualifying question with a licensed lender, CPA, or attorney before you act.
What the MyHome Assistance is
The CalHFA MyHome Assistance Program offers a deferred-payment subordinate loan to help eligible buyers with down payment or closing costs. It is administered through approved lenders and the relevant California housing agency, and is layered onto a first mortgage.
Who it may help
These programs generally target buyers who can handle a monthly payment but are held back by the upfront cash needed to close. Income limits, homebuyer-education requirements, and first-mortgage pairing rules typically apply.
Why we don't quote current figures
Assistance amounts, income limits, and program availability are revised regularly and can be paused when funds are exhausted. Any figure we printed would likely be stale. Confirm current terms with an approved lender or the administering agency before you count on it.
How it stacks with a first mortgage
Assistance is usually paired with a first mortgage (often conventional or FHA). The combined structure affects your qualifying, so have your lender model the full package.
SCV taxes still apply
Whatever program you use, the lender counts property tax — including any Mello-Roos — in qualifying. SCV Mello-Roos varies by tract and runs higher than much of the neighboring Ventura-area market; verify per parcel.
Rates move
As a rough frame, 30-year fixed rates have hovered around ~6.5–7.0% as of 2026, but rates change daily — treat any number you see as stale and get a current quote from a licensed lender.
Line up assistance with Brian
Brian Cooper works with lenders who actively use these programs and can help you see whether one fits your SCV purchase. Contact Brian or call (805) 723-2498.
Frequently Asked Questions
What is the MyHome Assistance?
The CalHFA MyHome Assistance Program offers a deferred-payment subordinate loan to help eligible buyers with down payment or closing costs. Confirm current terms with an approved lender.
Who qualifies?
Generally buyers who meet income limits and program requirements such as homebuyer education. Exact eligibility changes; confirm with an approved lender or the administering agency.
How much assistance can I get?
Amounts change regularly and can be exhausted, so we do not publish a current figure. Confirm the current amount with an approved lender.
Can I combine it with an FHA or conventional loan?
Often yes — assistance is typically paired with a first mortgage. Your lender can model the combined structure for qualifying.
Does it still cover Mello-Roos in my budget?
Assistance helps with upfront cash; your ongoing property tax including any Mello-Roos is part of qualifying. SCV Mello-Roos varies by tract — verify per parcel.
Is this a loan offer?
No. This is general education, not a loan offer or financial advice. Confirm current terms with an approved lender or agency.
