Effective for all loans reserved and rate locked on or after February 28, 2022, the loan amount cap on the MyHome Assistance Program will be eliminated.
CalHFA Conventional, CalPLUS Conventional, CalHFA USDA and CalHFA VA First Mortgage Loan Programs - Loan amount not to exceed 3.00% of the sales price or appraised value, whichever is less.
CalHFA FHA and CalPLUS FHA First Mortgage Loan Programs - Loan amount not to exceed 3.50% of the sales price or appraised value, whichever is less.
Note: Loans reserved prior to the effective date of February 28, 2022 are subject to the current MyHome $15,000 cap; no exceptions.
