CalHFA’s MyHome Assistance Program

 

CalHFA offers a range of first-time homebuyer loan programs layered with conventional and government-issued loans. They provide access to fixed-rate loans and the options to roll in closing cost assistance and a down payment.

---

CalHFA’s MyHome Assistance Program!

 

CalHFA offers a range of first-time homebuyer loan programs layered with conventional and government-issued loans. They provide access to fixed-rate loans and the options to roll in closing cost assistance and a down payment. 

Eligibility:

• Borrower must be a First Time Home Buyer and meet the requirements of the First Loan (not owned/occupied their home in the last 3 years)
• Must be a U.S. citizen, permanent resident, or qualified alien
• Meet CalHFA income limits for this program
• Borrower must complete home buying counseling course and provide a certificate of completion
• California primary residences only

How it works:

• Monthly payments on the loan are deferred; due and payable when the borrower refinances, sells or ends the loan term
• Can be used with Government (FHA loan) and Conventional

CalHFA MyHome Assistance Programs offered by LendingPros:

• CalHFA Government Loans (FHA): MyHome offers a deferred-payment junior loan of an amount up to the lesser of 3.5% of the purchase price or appraised value to assist with down payment and/or closing costs.
• CalHFA Conventional Loans: MyHome offers a deferred-payment junior loan of an amount up to the lesser of 3% of the purchase price or appraised value to assist with down payment and/or closing costs.

For more information contact Joe & Marni Costa and the Park Place Collective Group.

619-990-7552

info@parkplacecollective.com