CalHFA Loan
What is a CalHFA Loan?
The CalHFA FHA program is an FHA-insured loan featuring a CalHFA fixed inter- est rate first mortgage. This loan is fully amortized for a thirty (30) year term and can be combined with either the MyHome Assistance Program (MyHome) or School Teacher and Employee Assistance Program (School Program).
The CalHFA Single Family Division provides low interest home financing as well as down payment and closing cost assistance for homebuyers in California. With multiple program options, CalHFA Loans are a great choice for low to moderate income borrowers looking to purchase a single-family home.
The CalHFA Programs:
- Are only available for single-residence homes in California.
- Have income restrictions (must be a low to moderate income buyer to qualify).
- Offer multiple loan type options – Both Conventional & FHA Loans are available.
- Offer multiple down payment and closing cost assistance programs (must be a first time homebuyer to qualify).
- May have extra origination, doc prep, or processing fees (dependent on the program).
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