State Assistance Programs | Homeownership University

CalHFA CHDAP Makes Buying a Home Even Easier?

Posted on 05. Mar, 2012 by Scott Schang in CalHFA CHDAP

Exciting news coming from the California Housing Finance Agency on March 1st, 2012 regarding the CHDAP homebuyer assistance program. CHDAP stands for California Home Buyer Assistance Program and offers 3% of the purchase price of the home to qualified first time homebuyers that can be used for down payment or closing costs. What’s new? Minimum [...]

The Cost of Not Getting a Second Opinion?

Posted on 29. Sep, 2011 by Christopher "Doc" Apodaca in CalHFA CHDAP, CHF Platinum Grant, Consumer Protection

Getting a second opinion saved this homebuyer thousands of dollars! The cost of a second opinion? Nothing. Brenda Borrower called me a little puzzled. Brenda told me that she had applied for a mortgage with her lender and he said she could get free money from the state without paying it back. When she told [...]

CalHFA CHDAP and CHF Platinum – Together Again?

Posted on 19. Sep, 2011 by Scott Schang in CalHFA CHDAP, CHF Platinum Grant

Last week, CalHFA waived a requirement that made getting CHDAP assistance just a little bit harder. For several months now, CalHFA required that at least half of a lender’s CHDAP loans MUST be used with a CalHFA first mortgage. This created challenges because there are certain aspects of a CalHFA first mortgage that do not [...]

CalHFA Programs Help California Home Buyers With Special Loans And Down Payment Assistance

Posted on 30. May, 2011 by in CalHFA CHDAP, Video Library

Rodil San Mateo interviews Sharyl Silva with the California Housing Finance Agency (CalHFA). CalHFA helped sponsor a Home Builder Showcase hosted by the Contra Costa Realtor Association’s Young Professional Network (YPN). Silva describes several CalHFA programs that can help California home buyers with special loans and down payment assistance.

CHF Platinum Homebuyer Grant with CHDAP?

Posted on 09. May, 2011 by Scott Schang in CalHFA CHDAP, CHF Platinum Grant

I’ve written about the CHF Platinum homebuyer grant quite a bit. I’ve also written about the CHDAP program, which is another program I love. So Happy Together There’s a magic sweet spot with these two programs that John Evans pointed out that we absolutely have to talk about…so, here it goes. The CHF Platinum program [...]

CalHFA FHA Government Loan for First Time Home Buyers UPDATED!

Posted on 03. Feb, 2011 by Scott Schang in CalHFA First Time Buyer, FHA Home Loan, State Assistance Programs

The California Housing Finance Agency (CalHFA) has added a new FHA government loan program for first time home buyers. CalHFA is the State of California’s first time home buyer program for the past 35 years. The program was chartered as the State’s affordable housing bank to make low interest rate loans through the sale of [...]

NHF CHF Grant Program Gives 3% to California Home Buyers

Posted on 20. Sep, 2010 by Scott Schang in Down Payment Help, State Assistance Programs

National Homebuyer’s Fund, Inc. (NHF) announced a new CHF Grant Program last week that is great news for California! The CHF Platinum Grant Program will give a California home buyer 3% of the loan amount to pay down payment or closing costs. Ok, let me put this as simply as I can – There is [...]

Slide Show: A Complete Guide to CalHFA First Time Homebuyer Programs – Cal30 & CHDAP

Posted on 16. Nov, 2009 by Scott Schang in CalHFA First Time Buyer, Down Payment Help, State Assistance Programs

The California Housing Finance Agency recently introduced two new first time homebuyer programs. The Cal30 is a fixed rate, low cost loan program, CHDAP is a 3% down payment assistance or closing cost assistance loan program. These are the slides from the online webinar, please feel free to contact us for questions or more information [...]

California Housing Finance Agency (CalHFA) – First Time Home Buyer program

Posted on 10. Nov, 2009 by Scott Schang in CalHFA First Time Buyer, Down Payment Help, State Assistance Programs

Program Summary The California Housing Finance Agency offers First Time Home Buyer programs to specifically meet the needs of home buyers in the State of California. CalHFA offers first mortgages to 95% with a wide variety of down payment assistance options that results in essentially no money out of pocket for down payment and in [...]

CalHFA Reduces Interest Rates – August 8th, 2008

Posted on 10. Nov, 2009 by Scott Schang in CalHFA First Time Buyer, Down Payment Help, State Assistance Programs

In such a volatile market as we’re in right now, on a day when conventional interest rates went up .125%, The California Housing Finance Agency in an unprecedented announcement reduced interest rates across the board. Rate Reductions are as follows: 30 Year Fixed Moderate Income Areas Reduced .125% to 6.75% Low Income Areas Reduced .25% [...]

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