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Sharyl Silva with the California Housing Finance Agency (CalHFA) is interviewed by Rodil San Mateo (Land Home Finanical) and describes programs that help California home buyers with special loans and down payment assistance.
CalHFA’s mission is to help low to moderate income first-time home buyers in California.
Ms. Silva describes some of her agency’s main programs to help home buyers:
CalHFA offers a FHA 1st mortgage and CHDAP down payment assistance: These can be used together and the buyer needs to bring only 1% (of the home purchase price) of their own funds. (Note: more funds may be needed to pay for closing costs. This could be provided by the seller or from gifted funds.)
Conditional grant funds for qualifed new construction homes. Home buyers do not need to repay this grant if they live in the home for at least 5 years. CalHFA also partners with many cities and counties’ Affordable Housing Partnership Program (AHPP) to provide down payment funds for qualified first-time home buyers.
For more information, visit CalHFA at http://www.CalHFA.ca.gov
To find out if you’re eligible to use these programs, call Rodil San Mateo at (925)-922-0470.
If you have questions on this, contact Rodil San Mateo at RSanMateo@EastBayLoanTips.com or call (925)-922-0470.
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Rodil- Great job on showing & educating your clients about not only loans, but portable storage moving options. You truly are a seasoned professional.