Buying a home couln’t be more affordable!
The CalHFA FHA Program is an FHA-insured loan featuring a CalHFA 30 year fixed interest rate first mortgage. This loan can be combined with MyHomeAssistance program which offers a deferred payment junior loan on the amount of the lesser of 3.5% of the purchase price or $15,000 (whichever is lesser) of the appraised value to assit with down payment.
Also, qualifying borrowers could also obtain up to 3% in the form of a deffered payment third loan possition to help them finance a good portion of their closing cost. The toal combined loan to value on a house financed using the CalHFA program can not exceed 105%
We’ll help you clearly see differences between the CalHFA loan programs and many other down payment assitance programs tailored for first-time home buyers that we offer.
The CalHFA Loan Process
Here’s how our home loan process works:
- Complete our simple Down Payment Assistance Qualifier
- Receive options based on your unique criteria and scenario
- Compare mortgage interest rates and terms
- Choose the offer that best fits your needs