The School Teacher and Employee Assistance Program


Teachers are responsible for guiding our youth and educating the next generation, yet many seem to be overworked, underpaid, and underappreciated. Fortunately, CalHFA has a program specifically for teachers to show some well-deserved appreciation – their new School Program The main purpose of this program is to reward the hardworking teachers and staff who serve in California’s public schools. You don’t have to be a teacher to receive this benefit either. It also applies to any staff member serving in one of California’s public schools. The program is a deferred payment, simple interest rate subordinate loan that is combined with a CalHFA first mortgage. CalHFA allows for qualified borrowers to layer other FHA-approved or Fannie Mae Community Second subordinate loans or grants to maximized affordability.

School Program Features:

  • Up to 4% of the sales price or appraised value for down payment or closing cost assistance
  • Deferred payments
  • School Program can be combined with CalPLUS- first mortgage loans with exclusive, zero interest closing cost assistance.
  • Program eligibility is for teachers, administrators, school district employees and staff members working in any California public school.
  • Applicants must also be first-time homebuyers, defined as not having home ownership within the last 3 years.