Does it seem like first time home buyers in California are getting all the "love" when it comes to home buying incentives?
Without question, most of the government programs in California are geared toward first time home buyers, but help is on the way for many of you who aren't first time home buyers.
Owning a home may be easier than you thought possible with the CHF ACCESS Down Payment Assistance Program. The Program is designed to assist low-to-moderate income homebuyers with the purchase of a home, by providing a means to finance most of the associated down payment.
The Program combines a 30-year fixed interest rate FHA First Mortgage Loan with down payment and/or closing cost assistance from CHF in the form of a low fixed interest rate Second Mortgage, making combined financing up to 99.5% of the purchase price possible.
It is available for purchases of both new and existing homes, as long as the home will be the primary residence of the homebuyer, and does not require that the homebuyer be a first-time homebuyer. Those who may have owned a home in the past are still eligible to apply for CHF ACCESS.
Highlights:
- NOT limited to first time home buyers
- NO sales price limits
- Financing available for Down Payment and/or Closing Costs
- Purchase of primary residences only
- Higher income limits (by County)
- New or existing homes eligible
- Available throughout California
Want more information on down payment assistance, contact us.
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