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.

http://www.calhfa.ca.gov/about/publications/press-releases/

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

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