California Home Buying Guide
West Region · Non-Judicial Foreclosure State
Key Facts at a Glance
What Makes California Unique
Proposition 13 caps property tax increases at 2% per year
CalHFA Dream For All covers up to 20% down
Among the highest home prices nationally
First-Time Buyer Programs in California
CalHFA MyHome Assistance
Contact your state housing finance agency for current eligibility and rates
GSFA Platinum Grant
Contact your state housing finance agency for current eligibility and rates
Dream For All Shared Appreciation Loan
Contact your state housing finance agency for current eligibility and rates
Program availability, income limits, and interest rates change frequently. Verify current terms with your lender or state housing finance agency.
Closing Costs in California
Attorney at Closing
Attorney Not Required
California does not require an attorney at closing. A title company typically handles the transaction. Consider hiring one anyway for complex deals.
Local Tips for California Buyers
Prop 13 limits future tax increases — great long-term protection.
Dream For All is income-limited and competitive; apply early.
LA/SF have additional city transfer taxes up to 5.5%.
Estimated Annual Ownership Cost in California
Based on the median home price of $790,000 with a 10% down payment and 7% mortgage rate.
Ready to Calculate Your Numbers?
Use our free calculators to estimate your monthly payment, affordability, and closing costs in California.