First Time Buyer Programs
Call us at (916) 672-6130
Call for Availability of Programs or Click Here to Qualify

First Time Buyers Click Here for Details of the Process

Current Programs are;
1. CalHFA Click here for CHDAP
2. MCC Mortgage Credit Certificate

4. Help for Homeowners
5.  Call For Special Programs MAE Capital has access to. 
6. Grant Programs (call for current grant programs in your area)

The programs details are below.  Please fill in the form at the bottom of the page to be contacted about qualifying for these programs.


1. CalHFA with My Home Assistance 3% Second for Down Payment add Zip No Down!

Program Eligibility:
- Must be a first time home buyer
-  Home buyer Education Required
- Can combine the CAL Zip program for a zero out of pocket loan
- Can be used with FHA loans or Conventional loans


  • 3% of Sales price second mortgage with My Home Assistance added to CLHFA 1st mortgage.
  • The Zip loan can be 2nd position or 3rd position and can be up to 3.5%-4.5% of the loan amount with 0% interest rate.
  • SFR’s, PUD’s, or FHA approved condos;  
  • Minimum Fico:  640
  • Maximum Loan:  $424,000 including UFMIP or VA funding fee
  • Owner Occupied
  • Nonoccupant co-signors allowed (co-signors income not considered in limitations
  • Nonoccupant co-borrowers not allowed.
  • 115% of Medium Income Limitations Click here for detail
  • Income calculated per HUD or VA guidelines- not by family size
  • Can use MCC with these progams. 

Call today to get qualified: 916-672-6130




4. Mortgage Credit Certificate (MCC)

The Sacramento Mortgage Credit Certificate (MCC) Program is designed to provide homeownership assistance on home purchases within the cities of Sacramento, Elk Grove, Folsom, Isleton, Galt, Citrus Heights, Rancho Cordova and the County of Sacramento.  The MCC reduces the amount of Federal income tax a home buyer pays, thus giving more available income to qualify for a mortgage loan and to make monthly mortgage payments. 

Program Features

  • 20% Mortgage Credit Certificate – a tax credit of 20% of the annual mortgage interest paid (amount of the credit cannot be more than the annual federal income tax liability after all other credits and deductions have been taken into account)
  • MCC will be in effect for the life of the original mortgage loan provided property remains owner-occupied
  • MCC may be reissued one time, upon the first refinance of the original mortgage loan
  • MCCs may be used with conventional loans, fixed-rate or adjustable loans, FHA and VA loans (MCCs are not available with bond-backed loans such as CHFA or Cal-Vet)
  • 40 percent of an MCC allocation is reserved for households whose income does not exceed 80 percent of the area median adjusted for family size

Eligible Applicants

Homebuyers who

  • are first-time homebuyers (have not owned and occupied a home as a principal residence within the preceding three years) (in federally designated target areas, you do not have to be a first-time home buyer)
  • are able to qualify for a loan to purchase the home
  • will live in the home being purchased
  • do not exceed the following income limitation: 

      Non-Target Areas Target Areas
    1 or 2 person household $76,100 $91,320
    3 or more person household $87,515 $106,540

Eligible Properties

Single-family homes that are located in the cities of Sacramento, Elk Grove, Folsom, Isleton, Galt, Citrus Heights, Rancho Cordova and the unincorporated areas of the County of Sacramento.

  • maximum purchase price limits: 

    Non-Target Areas
    Target Areas
     New and Existing Homes


Federally Designated Target Areas:

The following census tracts are federally designated target areas:
5, 7, 9, 10, 11, 13, 18, 21, 27, 28, 37, 42.03, 44.02, 45, 46.02, 49.03, 50.02,  52.01, 53, 55.06, 62.02, 64, 66, 67.02, 68, 73, 74.13, 75.03, 88, 91.10

Application Procedure:

To apply for the program, please contact any of our approved lenders.  The MCC application is made in conjunction with the application for a mortgage loan to purchase the home.  The MCC application must be approved prior to close of escrow on the home purchase.  For additional information please call (916) 440-1393.




There are two ways in which the USDA helps borrowers achieve the American dream of homeownership.

  1. USDA Guaranteed home loans – This is the most common loan offered, in this scenario a lending institution provides the homeowner with a loan. The USDA then insures the loan in case of default by the homeowner, in turn, reducing the risk of the lending institution.
  2. USDA Funded Home Loans – In this scenario, the USDA lends the money directly to the homeowner.

Both of these options are there to help people that would not normally qualify for a mortgage become homeowners. The guarantee provided by the USDA helps low and moderate income families with little money for a down payment achieves home ownership.

To be eligible, applicants must:Signature Line

Have dependable income that is adequate for the repayment of the loan. This income should be verifiable and be continuing for at least 24 months. For example, social security benefits that will be discontinued in six months may not be included for qualifying. Income that is tax exempt may have the tax savings added to income figures.
Be a U.S. citizen, currently reside in the United States or a qualifying territory, qualified alien, or be legally admitted to the United States for permanent residence;

Must meet Moderate income limits as determined by the USDA home loan program.

Automated income eligibility calculator

Credit history that shows responsible repayment of debt;

Must not have debt payments that exceed 41% of their gross income. The ratio is calculated by dividing the homeowner’s monthly debt payments by their gross income. These debts include, but are not limited to, new mortgage payment (principal, interest, taxes, and insurance), car payment, loan payment, credit card payments, child support, alimony and any other payment that will take longer than six months to fulfill.

Homes That Qualify:

  • A newly built or existing home
  • Modular new and existing homes
  • Home must provide safe, decent, and sanitary housing and be modest in cost
  • The home must meet the thermal standards of the Rural Housing and Community Development
  • Existing homes must be in good repair and structurally sound
  • There are no size or design restrictions on the home to be financed
  • USDA home loans may not be used on property for income-producing purposes
  • The home must not be located in flood or mudslide hazard areas
  • Water and sewage system must meet the requirements of the State Department of Health

Highlights of the USDA Guaranteed Rural Housing Loan Program

  • Loans may go up to 102% (With Guarantee fee included)
  • No down payment is required
  • Mortgages are 30-year fixed rate at market interest rates
  • Sellers may contribute to the buyer’s closing costs
  • Home buyers make application with participating lenders
  • Buyers must personally occupy the dwelling following the purchase
Section 502 Direct housing loans may be used to refinance existing USDA loans or for a home purchase. When purchasing a home with a USDA loan there is an upfront fee of 2% charged to the mortgage lender. A Refinance loan carries .5% upfront fee. This fee usually passed on to the homeowner and included in the closing costs. USDA Guaranteed Home Loans are subject to investor guidelines provided by the servicer.

6. Help for Homeowners:

Call For more Information regarding these and other programs available at
Or Start your qualification process and we will do the research for you for Free! Just Say Yes!  

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