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Posts tagged as:

calhfa

Slide Show: A Complete Guide to CalHFA First Time Homebuyer Programs – Cal30 & CHDAP

by Scott Schang November 16, 2009 Down Payment Help

The California Housing Finance Agency recently introduced two new first time homebuyer programs.
The Cal30 is a fixed rate, low cost loan program, CHDAP is a 3% down payment assistance or closing cost assistance loan program.
These are the slides from the online webinar, please feel free to contact us for questions or more information
A Complete Guide [...]

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CalHFA Announces 100% Financing, Discount Rates, Discount PMI on Bank Owned Homes in Hardest Hit California Cities – CalHFA Community Stabilization Home Loan Program

by Scott Schang November 10, 2009 First Time Buyer Loans

This information can be found on the CalHFA Website Here
This conventional first mortgage loan program features a below market, 30-year, fixed interest rate, fully amortized loan reserved for REO properties of participating financial institutions. It has a maximum LTV limit of 100% and may be used with CalHFA’s CHDAP and Fannie Mae eligible Community Seconds® [...]

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CalHFA Reduces Interest Rates – August 8th, 2008

by Scott Schang November 10, 2009 Uncategorized

In such a volatile market as we’re in right now, on a day when conventional interest rates went up .125%, The California Housing Finance Agency in an unprecedented announcement reduced interest rates across the board.
Rate Reductions are as follows:
30 Year Fixed

Moderate Income Areas Reduced .125% to 6.75%
Low Income Areas Reduced .25% to 6.5%

35 Year interest [...]

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Down Payment Assistance for CalSTRS and CalPERS Members – Low to No Down Payment Home Purchase Loans

by Scott Schang November 10, 2009 Uncategorized

Every day seems to bring new challenges for new home buyers looking to purchase homes in the State of California.  As home prices drop to seemingly jaw dropping levels California Teachers and Public Employees are making up a large percentage of first time home buyers entering this market.

If you do not belong to special organization [...]

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California Housing Finance Agency Suspends Programs / Down Payment Assistance

by Scott Schang November 9, 2009 Uncategorized

 September 23rd, 2008 - In a shocking move today CalHFA temporarily suspends  most of thier first time home buyer programs leaving only the 30 year fixed and the Extra Credit Teacher Program:

Effective immediately and until the financial markets stabilize, the following CalHFA first
mortgage products are temporarily unavailable:
• 35-Year Fixed Rate Mortgage – interest only PLUSSM
• 40-Year [...]

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Slide Show: Five 100% Financing Loans You Should Know About

by Scott Schang October 29, 2009 Down Payment Help

The State of California still has 100% financing loans available!
This class discusses two little known programs offered by the State of California Housing Finance Agency, USDA, VA and how you can achieve 100% financing using a CalPERS Home Loan Program.
We also review community seconds and mortgage credit certificates as tools for minimizing the money required [...]

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Resources from Townhall Homebuyer Workshop

by Scott Schang October 19, 2009 Live Workshops

Thank you for attending our Homebuyer Workshop
I know there is no way to get to everything we could talk about during the workshop – there’s just too much to learn and not enough time to do it.
I’ve collected a list of tools, links and resources here for you to do more research and get more [...]

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An Introduction to CalSTRS, CalPERS & CHDAP Loan Programs

by Scott Schang July 30, 2009 Loan Programs

California’s Education Professionals, Public Employees and First Time Homebuyers have many resources available to assist in the purchase of a new home in today’s real estate market.
Following are links to the tools and resources we talked about in the live, on-line webinar.
DOWNLOAD WORKBOOK & NOTES FOR CLASS HERE

CalHFA
Loan Programs
California Housing Finance Agency – CHDAP

CalHFA
Interest [...]

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Video – Webinar: A Complete Guide to CalHFA’s Cal30 & CHDAP Down Payment Assistance Program – Part 5 of 5

by Scott Schang July 14, 2009 First Time Buyer Loans

Part five explores the California Housing Finance Agencies down payment and closing cost assistance program – CHDAP, which stands for California Homebuyer’s Downpayment Assistance Program
There are many opportunities to use CHDAP to cover both closing costs or down payment, giving you more leverage and a greater advantage in this competitive real estate market.

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Video – Webinar: A Complete Guide to CalHFA’s Cal30 & CHDAP Down Payment Assistance Program – Part 4 of 5

by Scott Schang July 14, 2009 First Time Buyer Loans

Part four is a complete guide to the Cal30 conventional loan program introduced by CalHFA.
This program is a 30 year fixed loan with a fixed rate set below market by CalHFA.
There continue to be challenges using this program to purchase a home with a low or no down payment due to the inability to secure [...]

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