A highlight of owning a home are the tax benefits that come along with it. I explained these benefits in an earlier post of mine. To simplify it for this post, owning your own home comes with tax benefits that make owning a home more affordable.
The California Housing Finance Agency has different types of loans for first time buyers. If you have not owned and occupied a house for 3 or more years, you may be eligible for one of their many types of loans.
Not only do they offer loan programs, but they also have down payment assistance programs for those struggling to make a down payment. Once on their website click around and see if you check off the requirements to qualify for their loan and/or down payment assistance programs. You would also have to work with certain loan officers who are trained by their Agency.