CalHFA + MyHome Program

LO Eligibility

To offer this product as an eligible broker shop or individual loan officer, the CalHFA UWM Partner Academy video must be completed. Upon completion, a report will be delivered to UWM’s Client Support team to initiate access. One business day turn time is required for origination access to be granted once the UWM Partner Academy video is completed.

Any active/producing Loan Officers can complete the training on behalf of the entire account

Loan Details

Available on conventional (DU only), FHA, VA and USDA loans
MyHome DPA is available in the form of a 1% interest, non-amortizing, deferred, 30-year repayable second mortgage
- The second mortgage becomes due and payable in full upon sale of the property, payoff or refinancing of the first mortgage, transfer of title or notice of default
The down payment and closing cost assistance can be used to satisfy the following:
- Borrower’s down payment
- Reasonable and customary closing costs
Borrowers must be considered a first-time homebuyer and must meet the qualifying income requirements determined by CalHFA in the county in which the property is located
- Click here to see the limits set by CalHFA

California only
Primary purchases only
All borrowers must be a first-time homebuyer
All borrowers’ qualifying income must meet the AMI limits set by CalHFA
97%/105% max LTV/CLTV
50% Max DTI
Minimum FICO requirements
- 640 on government loans
- For conventional loans, minimum FICO score is determined by AMI
  660 for loans with income less than or equal to 80% AMI
  680 for loans with income greater than 80% AMI
Seller- and agent-paid temporary rate buydowns are eligible