School District Employees: Stop Renting & Start Owning! Funding is Available Now!
School Teacher and Employee Assistance Program
As a way of thanking public school employees, the State of California Housing Finance Agency (Cal HFA) offers an invaluable loan program for First Time Home Buyers.
This program is for teachers, administrators, school district employees and staff members working for any California K-12 public school, which includes Charter schools and county/continuation schools.
Applicants must also be first-time homebuyers. This program allows homebuyers to secure additional funds in the form of a deferred payment junior loan up to 4% of the purchase price, and is combined with an eligible CalHFA first mortgage loan. School Program subordinate loans may only be used for down payment assistance and/or closing costs.
Be a first-time homebuyer. See the definition of a first-time homebuyer.
Occupy the property as a primary residence; non-occupant co-borrowers are not allowed.
CalHFA borrowers must complete homebuyer education counseling and obtain a certificate of completion through an eligible homebuyer counseling organization.
Meet CalHFA income limits for this program.
Be currently employed in a California K-12 public school, Charter school, county/continuation school or its school district.
Sales price of the home cannot exceed CalHFA’s sales price limits established for the county in which the property is located.
Be a single-family, one-unit residence, including approved condominium/PUDs.
Guest houses, granny units and in-law quarters may be eligible
We can help you unlock your loan options. Start by getting prequalified.
What is a first-time homebuyer?
A first-time homebuyer is defined as someone who has not owned and occupied their own home in the last three years. That means if you’ve never owned a home, you’re a first-time homebuyer. It also means that if you owned your home three or more years ago, but sold it, you are right back to being a first-time homebuyer again, and you can take advantage of all of the benefits of CalHFA’s first-time homebuyer programs.
Submit your prequalification request online: There’s no cost and no obligation.
Work with a specialist
Our experienced lending specialists will help you every step of the way.
Prepare for closing
Securely upload and e-sign documents using the Home Loan Navigator.
More Avalable Loan Programs
Lower those rising mortgage payments with a government-insured fixed-rate loan
Adjustable Rate Mortgage
Pay less over a traditional fixed rate mortgage for the first years of your loan with a 5 or 7 year ARM. Get the lowest rates available and save money.
A USDA home loan from the USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program, is a mortgage loan offered to rural property owners by the United States Department of Agriculture.
Find stability with a traditional fixed loan option, Associated Mortgage Brokers can help you lock in today at a great rate.
VA Home Loan
Refinance up to 100% of your home or buy a new home with no down payment and never pay monthly insurance (PMI)!
Eligible buyers can receive a grant in the amount of 5% of the loan amount that will cover all of your down payment, and much of the cost of the grant program itself.
Down Payment Assistance
A wide variety of Down Payment Assistance programs are available
You may receive a grant to help with down payment assistance and/or closing costs
Based on the funds you have available, we will design a loan that will work for your individual situation.
We can help you determine your needs and choose the right loan to meet your goals.