ASSISTANCE FOR FIRST-TIME HOMEBUYERS.

Get into your first home sooner with affordable mortgage programs.

Speak with an advisor

You could get up to 105% financing for your first home.

Our On My Way Homeownership Program combines different types of assistance to help you get on your way to owning your first home.

  • Many first-time homebuyers qualify for assistance and don't know it!
  • Different programs offer help for a wide range of low-to-moderate incomes.
  • You may not need 20% cash on hand for a down payment to get settled into your new home.

Find out what you may qualify for by connecting with a local Home Loan Advisor

Homeownership for all Californians.


Making the move from renting to owning is a big step in financial growth. We're dedicated to improving Californians' financial lives – and creating strong, vibrant communities for all. 

As an approved lender for the California Housing Finance Agency (CalHFA), we're proud to provide CalHFA CalPLUS and Dream For All home financing solutions to a wide range of Californians.

Couple packing boxes to move

CalPLUS from CalHFA is an all-in-one first home solution.


CalHFA's CalPLUS loans offer a helping hand to homebuyers with a wide range of incomes.1 

By using a CalPLUS first mortgage along with MyHome2 down payment assistance and the Zero Interest Program (ZIP) for closing costs, you may be able to receive up to 100% financing plus closing costs assistance.

Ask your Home Loan Advisor to check your eligibility.

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1 To be eligible for this loan you must meet CalHFA income and credit requirements.

2 The MyHome Down Payment Assistance Program is available only to first-time homebuyers. A first-time homebuyer is defined as someone who has not owned and occupied their home in the last three years, and who has not lived in a home owned by a spouse in the past three years.

How can a CalHFA program help me buy a house?

Qualify for your mortgage

CalHFA offers fixed-rate first mortgages with down payments as low as 3%.

Cover your down payment

Use MyHome Assistance to cover your down payment up to 3.5%.

Get funds for closing costs

The Zero Interest Program (ZIP) can help you with closing costs, up to 3% of the first mortgage loan amount.

All loans subject to approval. Rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications, and property conditions. 

All homebuyers must meet CalHFA income requirements.

All homebuyers must be first-time homebuyers. A first-time homebuyer is defined as someone who has not owned and occupied their home in the last three years, and who has not lived in a home owned by a spouse in the past three years.

*To qualify for the Shared Appreciation Loan, at least one borrower must meet the CalHFA definition of a first-generation homebuyer. Determination of First-Generation Homebuyer Status:  A first-generation homebuyer is defined as a homebuyer who has not been on title, held an ownership interest or have been named on a mortgage to a home (on permanent foundation and owned land) in the United States in the last 7 years, and, to the best of the homebuyer’s knowledge whose parents (biological or adoptive) do not have any present ownership interest in a home in the United States or if deceased whose parents did not have any ownership interest at the time of death in a home in the United States; or an individual who has at any time been placed in foster care or institutional care (type of out of home residential care for large groups of children by non-related caregivers).

1Not to exceed $150,000.

2The homeowner will pay 20% of the home's appreciation, not to exceed 2.5 times the original assistance loan amount.

3Completion of this form does not guarantee loan approval or issuance of a CalHFA Dream For All voucher. 

More Low Down Payment Mortgages

Down payments as low as 3%

HomeReady Mortgages

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For low-to-moderate incomes1

First-time or repeat homebuyers may qualify for this low down payment mortgage.

Flexible Credit Terms

FHA Loans2

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For a wide range of borrowers

Flexible lending guidelines that can help many homebuyers qualify.
Down payment as low as 3.5%

All loans subject to approval. Rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications, and property conditions. 

1To be eligible for this loan you must meet credit requirements and have an income at or below 80% of the Annual Median Income (AMI). If all occupying borrowers have not owned a home in the past three years, at least one borrower on the home loan will need to complete a homebuyer education course. A first-time homebuyer is a person who has not have ownership interest in a residential property in the last three years.

2Golden 1 Credit Union is not part of any government agency, nor do we represent or have the endorsement of HUD, FHA, the U.S. Government, or any federal, state, or local government agency.

HOW CAN I PAY FOR MY DOWN PAYMENT?

WISH Matching Grant

The Workforce Initiative Subsidy for Homeownership (WISH) grant provides a 4-to-1 matching grant up to $30,8061 for down payment assistance.

Community Down Payment Assistance

Community Down Payment Assistance (DPA) Programs are offered through sources such as the local community, nonprofits, or employers.

CalHFA MyHome Assistance

Qualifying first-time homebuyers2 can use a MyHome assistance loan to pay their down payment and/or closing costs. The MyHome loan doesn't require monthly payments.3

1Restricted to households at or below 80% of Area Median Income (AMI). Grants may match a homebuyer's down payment contribution 4-to-1 for a maximum grant of $30,806. For example: A $30,000 grant would require a $7,500 contribution from the homebuyer. Participants must be first-time homebuyers and complete a Housing and Urban Development approved first-time homebuyer counseling program. First-time homebuyer means you did not have ownership interest in a residential property in the last three years. Funds are available annually on a first-come, first served basis. Maximum grant stated is for 2023 and is subject to change annually. Additional restrictions may apply.

2Must be first-time homebuyers and meet CalHFA income requirements. To be considered a first-time homebuyer means you did not have ownership interest in a residential property in the last three years.

3No payments are required for the MyHome Assistance Program loan until the home is sold, refinanced or paid off in full.

HOW CAN I PAY MY CLOSING COSTS?

ON MY WAY CLOSING COST CREDIT

Golden 1 offers a closing cost credit for eligible first-time homebuyers.* It's available to members with low-to-moderate incomes and provides a credit of either $2,500 or $5,0001 to help reduce the costs of buying a home.

Buyer Advantage Program

When you purchase or list your home through Golden 1's Buyer Advantage Program with a preferred real estate agent, you'll receive up to 25% of your agent's commission credited toward your closing costs.2

CalHFA ZERO INTEREST PROGRAM

CalHFA's Zero Interest Program (ZIP) can provide you up to 2% or 3% of the first mortgage loan amount to help cover closing costs.

*To be considered a first-time homebuyer means you did not have ownership interest in a residential property in the last three years.

1To be eligible for a $2,500 closing cost credit, you must be a Golden 1 member for at least 90 days at the time of final loan approval and have an income at or below 100% of the Area Median Income (AMI) or 120% in high-cost areas. To qualify for the maximum closing cost credit of $5,000, you must be a Golden 1 member for at least 90 days at the time of final loan approval and have an income at or below 100% of the AMI or 120% in high-cost areas, plus have direct deposit or Bill Pay, or make 5+ transactions per month to a Golden 1 deposit account in the most recent month prior to closing.

2The Golden 1 Home Loan Buyer Advantage program (the “Program”) is made available to our members through relationships with third party real estate agents. Golden 1 does not endorse or guarantee the products, information, or recommendations provided by third-party vendors or third-party linked sites. Agent credits are awarded to homebuyers and sellers who select and use a real estate agent in the Program network. Homebuyers or sellers are not eligible for credits if they use an agent outside this network. Using Golden 1 Credit Union for a mortgage is not a requirement to earn credits. Credit amounts are dependent on the commissions paid to the agent. Certain property and product limitations may apply, and your mortgage lender may have specific rules or restrictions on how your credits will be paid. Credit incentives are void where prohibited by law. The Program is subject to change. Buyer Advantage Program member real estate agents may not be available in all locations. Use of the program is not a requirement to obtain a mortgage from Golden 1 Credit Union.
Please contact a Golden 1 Credit Union Home Loan Advisor for more information.

3Must be first-time homebuyers and meet CalHFA income requirements. To be considered a first-time homebuyer means you did not have ownership interest in a residential property in the last three years.

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