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CalHFA FHA: Down Payment Assistance Programs

March 6, 2012

CalHFA

The programs below are offered with the CalHFA FHA Product

California Homebuyer’s Downpayment Assistance Program (CHDAP)

The CHDAP provides a deferred-payment junior loan – up to 3% of the purchase price, or appraised value, whichever is less – to qualified borrowers to be used for their down payment and/or closing costs. This junior loan may be combined with a CalHFA or non-CalHFA fixed rate, first mortgage loan. For more detailed information on requirements, click here.

Affordable Housing Partnership Program (AHPP)

CalHFA partners with over 300 localities (cities, counties, housing authorities, nonprofit entities, and redevelopment agencies) to offer AHPP. This program is intended for low and moderate income first- time homebuyers who meet specified income limits and who are purchasing a new or existing home anywhere in California. For more detailed information on requirements, click here.

To view the list of all local partner programs approved, click here.

Have more questions about CalHFA? Give us a call at 800-385-3657.

FOR A FAST PRE-APPROVAL:
http://pmcmortgageloans.com/mortgage_application.php

First, complete a loan application on our website
-Go to http://www.pmcmortgageloans.com
-Click on Apply Now at the top
-Scroll to the middle of the page and Click on 3. Full Application
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