FHA and CHDAP- California has successful bond option

Recently FHA mortgages have changed. The normal 3.5% down payment has been given an option for select individuals to only a .5% down payment. CHDAP is a 3% down payment assistance offered by the State of California.The California Housing Finance Agency has announced the following Press Release:

Press Release 2009-09- CalHFA Continues on a Path Forward Following State’s Successful Bond Sales

For detailed information see the Press Release page on CalHFA’s web site.


This program can be used with FHA with select lenders. Contact me for information.

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