CalHFA helps California First Time Home Buyers to buy with 1% Down Payment

CalHFA 1st mortgage + CHDAP 2nd mortgage = 99% LTV or 1% downpayment loan for California First Time Home Buyers. Here’s how it works: CalHFA (California Housing Finance agency) FHA loan offers financing up to 96.5%. California Homebuyer’s down payment assistance program (CHDAP) provides a deferred payment junior loan (2nd mortgage) up to 3% of […]

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CalHFA Allocates $700 Million to Assist Homeowners

The California Housing Finance Agency (CalHFA) today announced that it will develop innovative initiatives to use nearly $700 million in new federal funding to help California’s neediest homeowners struggling with mortgages payments remain in their homes. In addition to California, the funds will support efforts in Arizona, Florida, Michigan and Nevada. All five states have […]

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