California Housing Blog

Home : Blogs : Nate Ellis : California Housing Blog

Buy a Home in California with No Money Down (CalHFA)

Buy a Home in California with No Money Down (CalHFA)

Now is the perfect opportunity for First Time Home Buyers to take advantage of declining values in California. One thing stopping many buyers from getting into the market has been lack of a Down Payment. The State of California wants to help you bridge that gap and help you with the down payment so you can get your piece of the “California Dream”. Check out the video below with Nate Ellis"Mr. Danke Schoen" interviewing Sherri Kerth from CalHFA

For over 30 years, California Housing Finance Agency (CalHFA) has supported the needs of renters and first-time homebuyers by providing financing and programs that create safe, decent and affordable housing opportunities for individuals within specified income ranges. Established in 1975, CalHFA was chartered as the State’s affordable housing bank to make low interest rate loans through the sale of tax-exempt bonds. A completely self-supporting State agency, bonds are repaid by revenues generated through mortgage loans, not taxpayer dollars.

CalHFA offers Below Market Interest Rates and these are posted on their website. The rates are usually good for an extended period of time but will change with major shifts in the market. It has been my experience that they will raise rates faster in deteriorating markets than they lower rate in improving markets. You can lock in your rate for 30-90 days for the same cost. If you are buying a Newly Constructed Home you can lock in for up to 6 month. To be able to lock in your rate you must have a property in contract.

Highlights of the CalHFA Program

Financing to 102% of Purchase Price with FICOs down to 620 (90% on Manufactured Homes)
No Declining Market Hit
No Hit for Condos
No Minimum borrower contribution
No Inspection report required (if not checked on contract)
Can use with City Downpayment Assistance Programs
Can use with CalHFA Down Payment Assistance Programs
Below Market Interest Rates
30 yr, 40 yr and interest only options.
Lock for 30-90 lock same cost.
Fixed Lender fees
MI can be petitioned for removal once the loan balance falls below 79.9% LTV
Borrowers with limited Credit OK
BK/Foreclosure OK after 3 yrs
Non-Occupant Co-Signers OK

For more information Click Call Me to call me for free or email me

Get CalHFA Downpayment

Posted by Nate Ellis on 06/04/2008 04:29 PM

Comments (0)

calfha, down payment, first time home buyer, fthb, nate ellis, no money down, golden nuggets, video

Down Payment Dreams - San Ramon, CA

Down Payment Dreams – San Ramon, CA 2008 May 30^th

The City of San Ramon in Contra Costa County , California is a great place to raise a family in the Diablo Valley. With top notch schools and lots of parks your home search stops here. The City has approved plans to create a Down Town Center to rival Beverly Hill's Rodeo Drive. Take a look at some of Home deals you can take advantage of today.

View Contra Costa County Homes in other cities

or Call Nate 888-808-6283

Price	City	Bed	Bath	½ Bath	Psbl Ast	0 Down Mo Pmt	Address	Brokerage	Listed By
$225,000	SAN RAMON	2	1		$29,813	$1,393	8975 ALCOSTA BLVD	CORNERSTONE RLTY & FUNDING	JAMEEL BATSHON	Get Down Payment	Show Me The Home
$229,450	SAN RAMON	1	1	0	$30,402	$1,475	9052 CRAYDON CIR	J. Rockcliff Realtors Inc	Mark Traikoff	Get Down Payment	Show Me The Home
$249,900	SAN RAMON	2	1	0	$33,112	$1,602	9085 ALCOSTA BLVD	ALL PHASE BROKERS, INC.	ANDREA SOUSA	Get Down Payment	Show Me The Home
$258,888	SAN RAMON	1	1		$34,303	$1,516	115 Reflections Drive	PRUDENTIAL CALIF REALTY	SOPHIE ARETTA	Get Down Payment	Show Me The Home
$259,000	SAN RAMON	2	1		$34,318	$1,666	9085 Alcosta Blvd.	Prudential California Realty	Joe Kehrig	Get Down Payment	Show Me The Home
$259,000	SAN RAMON	1	1		$34,318	$1,514	115 Reflections	PRUDENTIAL CALIF REALTY	NORM NELSON	Get Down Payment	Show Me The Home
$259,000	SAN RAMON	2	1		$34,318	$1,656	9085 ALCOSTA BLVD	Prudential California Realty	Mehrasa Bagheri	Get Down Payment	Show Me The Home
$270,000	SAN RAMON	2	2	0	$35,775	$1,589	367 EASTRIDGE DR	RE/MAX ACCORD	ANNETTE M JUNELL	Get Down Payment	Show Me The Home
$274,950	SAN RAMON	2	1	0	$36,431	$1,736	9085 ALCOSTA BLVD	J. Rockcliff Realtors Inc	Bonnie King	Get Down Payment	Show Me The Home
$275,000	SAN RAMON	2	2		$36,438	$1,678	9025 Alcosta blvd	THE CHASE REALTY GROUP	ALFREDO J CHAVIRA	Get Down Payment	Show Me The Home
$275,000	SAN RAMON	2	2	0	$36,438	$1,707	9005 ALCOSTA BLVD	PRUDENTIAL CALIF REALTY	CINDY E DUFFY	Get Down Payment	Show Me The Home
$288,000	SAN RAMON	1	1	0	$38,160	$1,659	210 Reflections Dr	Fox Real Estate	Glenn Mendell	Get Down Payment	Show Me The Home
$294,000	SAN RAMON	1	1		$38,955	$1,786	280 S Overlook Dr	BETTER HOMES REALTY	MICHAEL DOMDE	Get Down Payment	Show Me The Home
$319,000	SAN RAMON	1	1		$42,268	$1,873	415 Pine Ridge Drive	J. Rockcliff Realtors Inc.	Sarah E Arnold	Get Down Payment	Show Me The Home
$329,999	SAN RAMON	1	1	0	$43,725	$1,902	755 WATSON CANYON CT	Prudential California Realty	Manjit Hundle	Get Down Payment	Show Me The Home
$335,000	SAN RAMON	2	1	1	$44,388	$2,008	2665 FOUNTAINHEAD DR	Ram Properties	Marvin Remmich	Get Down Payment	Show Me The Home
$336,000	SAN RAMON	1	1		$44,520	$1,913	210 Reflections Drive	GOLDEN HILLS BROKERS	CAMILLE HARRISON	Get Down Payment	Show Me The Home
$338,888	SAN RAMON	2	1	0	$44,903	$2,098	202 COMPTON CIR	COLDWELL BANKER	ELAINE ARNT	Get Down Payment	Show Me The Home
$349,000	SAN RAMON	2	2	0	$46,243	$2,049	3655 CROW CANYON RD	Eagle Real Estate Services	Steve L Martin	Get Down Payment	Show Me The Home
$351,500	SAN RAMON	2	1	0	$46,574	$2,040	258 EASTRIDGE DR	Weichert Realtors-America Fir	Judy A Bittner	Get Down Payment	Show Me The Home
$354,900	SAN RAMON	2	1	1	$47,024	$2,113	322 NORRIS CANYON TER	Ram Properties	Marvin Remmich	Get Down Payment	Show Me The Home
$359,000	SAN RAMON	2	1	0	$47,568	$2,133	200 NORRIS CANYON PL	Wheaton & Associates	Peggy Wheaton	Get Down Payment	Show Me The Home
$359,900	SAN RAMON	2	1	0	$47,687	$2,028	1610 CUTTER CT	RETHINK REAL ESTATE, INC.	STACEY WILSON	Get Down Payment	Show Me The Home
$395,000	SAN RAMON	2	2	0	$52,338	$2,107	237 TANGERINE CT	CROW CANYON REALTY	BRUCE L BALDWIN	Get Down Payment	Show Me The Home
$399,000	SAN RAMON	2	2	0	$52,868	$2,386	273 S OVERLOOK DR	RELIANCE REALTY GROUP	DAVID TANG	Get Down Payment	Show Me The Home
$399,000	SAN RAMON	2	2	0	$52,868	$2,338	309 S OVERLOOK DR	PRUDENTIAL CALIF REALTY	CHRIS KAMALI	Get Down Payment	Show Me The Home
$400,000	SAN RAMON	3	1	1	$53,000	$2,253	562 LA COPITA COURT	KELLER WILLIAMS BENCHMARK	COCO LEWIS	Get Down Payment	Show Me The Home
$410,000	SAN RAMON	2	2	0	$54,325	$2,090	144 DOGWOOD PL	Ram Properties	Marvin Remmich	Get Down Payment	Show Me The Home
$414,900	SAN RAMON	3	2	0	$54,974	$2,408	2717 FOUNTAINHEAD DRIVE	Help-U-Sell San Ramon Prop	Gregory R McPherson	Get Down Payment	Show Me The Home
$415,000	SAN RAMON	3	1	1	$54,988	$2,408	2864 Bollinger Canyon Rd	Prudential California Realty	Laura Nguyen	Get Down Payment	Show Me The Home
$419,900	SAN RAMON	3	1	1	$55,637	$2,433	2869 FOUNTAINHEAD DR	REALTY WORLD PIGATI & RUSSELL	ANTHONY PIGATI	Get Down Payment	Show Me The Home
$429,700	SAN RAMON	2	2	0	$56,935	$2,281	236 TANGERINE CT	Alain Pinel REALTORS	Darrel Bihr	Get Down Payment	Show Me The Home
$450,000	SAN RAMON	2	2	0	$59,625	$2,554	3815 CROW CANYON RD	People & Properties Sotheby's	Kathleen M Adami	Get Down Payment	Show Me The Home
$450,000	SAN RAMON	2	2	1	$59,625	$2,613	458 PINE RIDGE DR	Empire Realty Associates	Lisa Tichenor	Get Down Payment	Show Me The Home
$459,950	SAN RAMON	2	2	0	$60,943	$2,340	108 DOGWOOD PL	J. Rockcliff Realtors Inc.	Robert Rittenhouse	Get Down Payment	Show Me The Home
$469,950	SAN RAMON	2	2	0	$62,268	$2,389	6916 WISTERIA ST	VALLEY PROPERTIES	JUDI IRWIN	Get Down Payment	Show Me The Home
$479,000	SAN RAMON	2	2	0	$63,468	$2,700	3665 Crow Canyon Rd.	United California Brokers	Scott Anderson	Get Down Payment	Show Me The Home
$479,000	SAN RAMON	2	2	0	$63,468	$2,728	2595 TWIN CREEKS DR	Blackhawk Real Estate Co.	Gloria Corda	Get Down Payment	Show Me The Home
$479,000	SAN RAMON	2	2	0	$63,468	$2,633	701 Destiny Lane	Coldwell Banker	Henry Ohlmeyer	Get Down Payment	Show Me The Home
$483,950	SAN RAMON	2	2	0	$64,123	$2,753	2632 MEADOW GLEN PL	RE/MAX Accord	Marianna T Bottari	Get Down Payment	Show Me The Home
$490,000	SAN RAMON	2	2	0	$64,925	$2,491	9169 Tangerine St	PMZ REAL ESTATE	MICHAEL BAZIUK	Get Down Payment	Show Me The Home
$490,000	SAN RAMON	2	2	0	$64,925	$2,798	336 S OVERLOOK DR	INTEGRITY REALTY	MASOUDA HAMIDI	Get Down Payment	Show Me The Home
$499,900	SAN RAMON	2	2	0	$66,237	$2,675	951 SPRINGVIEW CIR	REGENCY REAL ESTATE	IRENE G WOODS	Get Down Payment	Show Me The Home
$499,950	SAN RAMON	3	2	1	$66,243	$2,823	2693 MARSH DR	COLDWELL BANKER	CINDY NGAN	Get Down Payment	Show Me The Home
$499,950	SAN RAMON	4	2	0	$66,243	$2,513	9752 TAREYTON	FIDELITY BROKERS	ALICIA VENEGAS	Get Down Payment	Show Me The Home
$510,000	SAN RAMON	3	3	1	$67,575	$2,764	2011 NANCY LN	OUT OF AREA - NON MEMBER	EBRD OUT OFAREA OUT	Get Down Payment	Show Me The Home
$510,000	SAN RAMON	2	2	1	$67,575	$2,789	1206 DESTINY LN	RE/MAX 1ST CHOICE	MICHAEL HYLES	Get Down Payment	Show Me The Home
$519,950	SAN RAMON	4	1	1	$68,893	$2,613	3101 KITTERY AVE	Blue Sky Realty	Jeffrey Klaus	Get Down Payment	Show Me The Home
$525,000	SAN RAMON	2	2	1	$69,563	$2,847	129 Coralflower Ln	Prudential California Realty	Elin Matter	Get Down Payment	Show Me The Home
$529,000	SAN RAMON	3	2	0	$70,093	$2,685	6920 WISTERIA ST	WESTON PROPERTIES	MATT FORD	Get Down Payment	Show Me The Home
$549,000	SAN RAMON	2	2	1	$72,743