Are you a first-time home-buyer needing a little help with your down payment and/or closing costs?
California Housing Finance Agency has a program just for you, to meet those needs.
|CalPlus Conventional 97% LTV||CalPlus FHA 96.5% LTV|
|Closing Cost (4%)||$10,000||$10,000|
|Cash required to close||$260,000||$264,221|
|First CalHFA Loan Amount||$242,500||$241,250|
* MyHome is a simple interest rate deferred loan which must be used with a CalHFA first mortgage. It's a silent second loan for up to 3.5% of the sales price or appraised value of the property.
** ZIP is a 0% interest rate deferred loan which must be used with a CalPLUS first mortgage. It's a silent second loan for either 3% or 4% of the first mortgage loan amount, including Up Front Mortgage Insurance Premium (UFMIP).
CalHFA Loan Programs are subject to change without notice. Please contact me for current program details and requirements.