Video – Webinar: A Complete Guide to CalHFA’s Cal30 & CHDAP Down Payment Assistance Program
Posted on 14. Jul, 2009 by Scott Schang in Down Payment Help, State Assistance Programs, Video Library
The Cal30 Conventional first mortgage features a fixed interest rate, fully amortized loan over a 30-year term. It has a maximum Loan-to-Value (LTV) of 95% and a maximum total Combined-Loan-to-Value (CLTV) of 102% The California Homebuyer’s Downpayment Assistance Program (CHDAP) is a deferred payment, simple interest rate junior loan. The CHDAP loans are available up [...]
How to use the CalHFA CHDAP loan to lower your mortgage payments
Posted on 29. Jun, 2009 by Scott Schang in Home Buyers
4/4/11 NOTE: FHA mortgage insurance premiums have changed since this was first published June 29th, 2009. Disregard the specific dollar amounts in the examples, the strategy is still as effective. Down payment and closing cost assistance programs seem to be a rarity in today’s strict lending market. With the reinstatement of the CalHFA California Homebuyer [...]
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