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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 FHA Lowers Interest Rates August 2011

Posted on 15. Aug, 2011 by in CalHFA First Time Buyer

CalHFA FHA Rates Drop

CalHFA FHA has lowered it’s interest rates .5% last week, which once again puts this program on my radar as a viable and awesome option. A while back, I wrote a post about how I had lost favor with this program because it was priced out of the market. With interest rates continue to inch [...]

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.

CHF Platinum Homebuyer Grant with CHDAP?

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

CHF Platinum CHDAP

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 [...]

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 [...]

CalPERS Suspends Mortgage Loan Program – Last Day to Lock is 12/24/2010

Posted on 20. Dec, 2010 by in Down Payment Help

CalPERS building

CalPERS Suspends it’s Mortgage Loan Program in an announcement on December 13, 2010. Investors for the program are allowing interest rates to be locked through December 24th, 2010 at which point no applications will be taken for the program after that. Technically, CalPERS is saying that they are suspending the home loan program available to [...]

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 CHDAP Funds Available Balance

Posted on 28. Aug, 2009 by in CalHFA First Time Buyer, Down Payment Help, State Assistance Programs

The California Homebuyer’s Downpayment Assistance Program (CHDAP) is a deferred payment, simple interest rate junior loan not to exceed 3% of the sales price or appraised value, whichever is less. The junior loan may be combined with a CalHFA or non-CalHFA conventional or government first mortgage loan. (see full program description) FUNDS CURRENTLY AVAILABLE FOR [...]

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