Opening Doors for
First Time Home buyers
Your First Mortgage
The California Housing Finance Agency offers a below market interest rate mortgage option to first-time home buyers. The CalHFA FHA 30-year Fixed Mortgage provides up to 96.5% financing with a low, fixed interest rate that never changes during the life of the loan. This first mortgage can be combined with CalHFA’s down payment assistance programs for added benefits.
Down Payment Assistance That Works
CalHFA can also help you with your down payment or closing costs. Payments on these one-of-a-kind loans are deferred, meaning you don’t have to pay them back until you sell, refinance or pay off your home.
California Home buyer’s Down payment Assistance Program (CHDAP)
Offers up to 3% down payment or closing cost assistance and can be combined with any of CalHFA’s first mortgages
Affordable Housing Partnership Program (AHPP)
A joint effort by CalHFA and many cities, counties and other nonprofits to offer a variety of down payment or closing cost programs
Experience Where it Counts
Over the past 36 years, CalHFA has invested more than $15 billion in non-taxpayer funds to help 155,000 California families live in a home of their own with a mortgage they can afford. With CalHFA’s help, you could open the door to your first home.
Where to Start
Get pre-qualified with a CalHFA-approved lender before you start looking. CalHFA loan officers can guide you through the prequalification process and tell you more about CalHFA’s mortgage choices, including our interest rates and other eligibility requirements.
For More information please call (562) 322-6636