Princeton Capital Blog

Top California Housing Finance Agency Questions Answered

January 10th, 2011

The California Housing Finance Agency, or CalHFA, is a great resource for first-time home buyers in the state. Owning your first home is a dream that this program can help you achieve.

Who qualifies for CalHFA?

All first-time home buyers in the state qualify to receive this loan.

Is it true that you can receive a 3.75% Fixed Rate 30 year loan?

Yes, if you combine your CalHFA with a second loan from CHDAP – California Homebuyer’s Downpayment Assistance Program.

What is the minimum down payment with the 2nd loan from CHDAP?

The down payment can be as low as 1%.

Are seller contributions allowed?

Yes, they are allowed up to 3% of the purchase price of the home.

Princeton Capital is an accredited lender of CalHFA, and we are here to help with any questions about this loan program.

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