calhfa: ATTENTION LOS ANGELES BUYERS: Wonderful Downtown Home is Eligible for Down Payment Assistance
- 02/07/11 10:29 AM
Last week, I blogged about what young L.A. Millenniums wanted in their first home and presented a couple of different housing options that these first time buyers are looking for in their first home. What Do Most 20-Something Buyers Want in Their First Home? - Definitely NOT Their Parent's Home! ATTENTION LOS ANGELES FIRST TIME BUYERS: Wonderful Downtown Home is Eligible for Down Payment Assistance At this point, I'd like to offer another option for the first time buyers who is looking to be downtown and minutes from all that downtown living has to offer. This 2bd/2ba completely remolded Echo Park … (7 comments)
calhfa: What Do Most 20-Something Buyers Want in Their First Home? - Definitely NOT Their Parent's Home!
- 02/02/11 11:10 AM
I recently came across a Wall Street Journal (WSJ) article that was called, No McMansions for Millennials. Millennials (aka Gen Y) make up the second largest generation of the 20th century, which is actually not very surprising because as the kids of the 80M Baby Boomers, these 76M Echo Boomers are as nearly significant in numbers as their parents. According to the WSJ, Millennials are definitely not interested in buying some huge McMansion with sweeping landscapes out in the burbs like the home their parents own. ABSOLUTELY NOT!!! No long commutes from the boonies to work for these kids buyers, no … (15 comments)
calhfa: Open House Sunday January 30th 1-4PM 2 bedroom 1 bath Condo 7050 Shoup Ave Canoga Park #228, Ca 91303 Canoga Lakes Community
- 01/29/11 06:38 AM
This is an incredible property and a wonderful unit. I know, I've been there and have done open houses there before. The grounds are phenomenal; like a beautiful and tranquil forest in the middle of the city. With ponds and streams all over the complex fully stocked with ducks, geese, turtles and fish. The complex is also centrally located to schools, shopping, entertainment, business centers and freeways. The best part about this home is that it's eligible for CalHFA down payment assistance (dpa).
ATTENTION CALIFORNIA FIRST TIME BUYERS: CalHFA Rolls Out New Program Come by and visit Ken this Sunday during … (0 comments)
calhfa: What kind of property can I buy? FAQ - #2
- 01/05/11 05:13 AM
In Part 1, I discussed the different first time buyer and down payment assistance (dpa) programs that are available to prospective buyers here in the Los Angeles & Ventura counties. In Part 2, I want to discuss some of the specific property qualifying requirements for the different programs that I didn't address in my post links in Part 1. Here in Los Angeles & Ventura counties, no two down payment assistance (dpa) programs are alike. While all dpa programs are specifically geared for the low-median borrower, even the income guidelines can vary from program to program. All dpa programs are all … (3 comments)
calhfa: Open House | Sunday December 12th 1-4PM | 3 bedroom 2 bath | 8915 Fenwick Street Sunland, Ca.
- 12/09/10 04:59 PM
If you're looking for a great family home in the foothills of the Angeles National Forest, that is also close to shopping, restaurants, entertainment with easy access to major highways, then come by Sunday afternoon and check out this wonderful home. The best part about this home? It's eligible for down payment assistance from CalHFA for qualified first time buyers. CalHFA's mission is to provide affordable housing finance opportunities to low and moderate income first-time homebuyers. They do this by offering below market, fixed rate mortgages along with down payment assistance (dpa) programs. CalHFA has recently launched their new FHA program … (10 comments)
calhfa: ATTENTION VENTURA COUNTY FIRST TIME BUYERS: Down Payment Assistance Available on Surfside Properties
- 11/15/10 12:07 PM
There are currently three properties available in this FHA approved, Port Hueneme complex that are eligible for down payment assistance. At the end of Surfside Dr. and only a block from the beach, this complex offers an indoor pool, spa, clubhouse, playground, workout room, fishing pier and garages for the larger units with covered carports for the smaller units.
For the young professional looking to get out on their own (and out of their parents home) or the young couple just starting out, for $1,725 a month (PITI+HOA), you can own this 3bd/2.5ba unit with nearly … (7 comments)
CalHFA has recently launched their new FHA program as well as their improved Cal30 program and their CHDAP dpa program. CalHFA offers a reduced interest rate for eligible homebuyers who meet the low-medium income limits (based on household size). The following are the current rates to eligible low-medium income applicants for both conventional loans as well as the FHA loans:
CHDAP provides down payment assistance in the form of a deferred payment second loan, commonly referred to as a "silent second" because you … (5 comments)
calhfa: ATTENTION CALIFORNIA FIRST TIME BUYERS: CalHFA Rolls Out New Program
- 10/27/10 07:37 AM
Since 1975, the California Housing Finance Agency (CalHFA) has been making low interest rate loans through the sale of tax-exempt bonds. As the state's affordable housing bank, CalHFA is a completely self-supporting state agency and the bonds are repaid by revenues generated through mortgage loans, not taxpayer dollars. CalHFA's mission is to provide affordable housing finance opportunities to low and moderate income first-time homebuyers. They do this by offering below market, fixed rate mortgages along with down payment assistance (dpa) programs. CalHFA has recently launched their new FHA program (they've never offered FHA before) as well as their improved Cal30 … (19 comments)
The California Housing Finance Agency (CalHFA) has to announce the return of the California Homebuyer's Downpayment Assistance Program (CHDAP). CHDAP provides down payment assistance in the form of a deferred payment junior loan of an amount up to the lesser of three percent (3%) of the purchase price or appraised value. Interest is calculated at 3.25% per annum simple interest. Borrowers must be first-time homebuyers as well as meet the program income guidelines and requirements and the property must be within CalHFA's sales price limits. CHDAP may be combined with the following first mortgage programs: • CalHFA Cal30 Conventional … (10 comments)
calhfa: ATTENTION CALIFORNIA FIRST TIME BUYERS: CalHFA is Bringing CHDAP Back!
- 05/05/09 10:01 AM
The California Housing Finance Agency (CalHFA) issued a press release last night stating that due to the successful sale of mortgage revenue bonds in California, money for CalHFA's down payment assistance program, CHDAP, should be released towards the end May. CHDAP is a deferred payment, simple interest rate, junior loan of 3% of the sales price or appraised value, whichever is less. CHDAP may be combined with a CalHFA conventional loan program or a government first mortgage loan program like FHA or VA. CHDAP can be used for down payment assistance and/or closing costs. I do not know any details yet (rate, loan amount, guidelines, etc.) but will forward … (8 comments)
calhfa: ATTENTION VENTURA & LOS ANGELES COUNTY HOME BUYERS: 100% Financing Still Exists for Some Prospective Home Buyers
- 02/13/09 05:55 PM
Last year, CalHFA suspended their first time buyer program that allowed eligible homebuyers to apply for safe and affordable 100% financed home loan programs and as much as another 2% for closing costs. CalHFA was chartered as the State's affordable housing bank to make low interest rate loans through the sale of tax-exempt bonds. Unfortunately, when they brought it back this year in June, it was a completely different program and not really an option for many first time buyers. The loss of these programs left a multitude of prospective homebuyers here in Ventura and Los Angeles County in the lurch for immediate … (2 comments)
calhfa: California Mortgage Revenue Bond (MRB) Programs
- 10/01/08 03:14 AM
As a part of the Down Payment Assistance Resource Group, I was recently asked by the group founder, Ron Withers, to provide info on California's Mortgage Revenue Bond (MRB) programs. As a true believer in the American dream of home ownership, I believe that everyone who wants to own a home should have all the information they need in order to make the right decisions in trying to make that dream come true. On that note, I'm happy to provide the Rain's DPA Resource Group info on CA's MRB programs. The California Housing Finance Agency (CalHFA) provides low-medium first-time homebuyers with safe, decent and affordable … (9 comments)
calhfa: The Good and the Bad of the New "tax credit"
- 08/27/08 07:51 AM
Having researched and poured over the nitty gritty specifics of the recently passed housing recovery bill as well as read numerous articles and blogs on how this bill is going to be either the shot of adrenalin that this housing market needs to get going again or the virtual final blow that drags this market to depths we've never seen in our lifetime, there are two subjects that have definitely struck a nerve within the lending and real estate industry. The first being the elimination of the seller funded down-payment assistance (DPA) programs and the second being the first time buyer … (0 comments)
Last week, I blogged about what young L.A. Millenniums wanted in their first home and presented a couple of different housing options that these first time buyers are looking for in their first home. 
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