Mortgage California Blog

Top California Housing Finance Agency Questions Answered

January 10th, 2011

The California Housing Finance Agency, or CalHFA, is a great resource for first-time home buyers in the state. Owning your first home is a dream that this program can help you achieve.

Who qualifies for CalHFA?

All first-time home buyers in the state qualify to receive this loan.

Is it true that you can receive a 3.75% Fixed Rate 30 year loan?

Yes, if you combine your CalHFA with a second loan from CHDAP – California Homebuyer’s Downpayment Assistance Program.

What is the minimum down payment with the 2nd loan from CHDAP?

The down payment can be as low as 1%.

Are seller contributions allowed?

Yes, they are allowed up to 3% of the purchase price of the home.

Mortgage California is an accredited lender of CalHFA, and we are here to help with any questions about this loan program.

Mortgage California

Contact Us

Top Places to Work