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CalHFA CHDAP – California Homebuyers Downpayment Assistance Program

Posted on 10. Oct, 2011 by in Home Buyers

CHDAP Life Raft

CHDAP is a down payment and closing cost assistance program offered by the State of California Housing Finance Agency (CalHFA). One of the greatest benefits of this assistance program is that it can be used with almost any other home loan financing, FHA or Fannie Mae conventional. Many down payment or closing cost assistance programs [...]

The Cost of Not Getting a Second Opinion?

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

1EE_mortgage

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 in CalHFA CHDAP, CHF Platinum Grant

CHF Platinum CalHFA CHAP Together Again

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 CalHFA Interview

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.

Benefits and Challenges of CalHFA First Time Homebuyer Loans

Posted on 28. Mar, 2011 by in CalHFA First Time Buyer

calhfa chdap

The winds of change have swayed my opinion on the use of CalHFA First Time Homebuyer Programs. In 2008, there was a lot more confusion and change in the mortgage marketplace, it was even more volatile than today. Most of CalHFA’s programs were discontinued at that time, leaving few options for first time homebuyers. The [...]

CalHFA FHA Government Loan for First Time Home Buyers UPDATED!

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

California Housing Finance Agency

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 [...]

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

Posted on 16. Nov, 2009 by 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 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 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% [...]

California Housing Finance Agency Suspends Programs / Down Payment Assistance

Posted on 09. Nov, 2009 by in CalHFA First Time Buyer, Down Payment Help, State Assistance Programs

September 23rd, 2008 - In a shocking move today CalHFA temporarily suspends  most of thier first time home buyer programs leaving only the 30 year fixed and the Extra Credit Teacher Program: Effective immediately and until the financial markets stabilize, the following CalHFA first mortgage products are temporarily unavailable: • 35-Year Fixed Rate Mortgage – interest [...]

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