Loan Program Handbook for Lenders, Realtors, Non- Profits. Cal. HFA has organized its program information into convenient handbooks for easy reference.
All the information for a given program—from qualifying criteria to forms & docs—is collected in one easy place. You can print them out for desktop reference, or browse and search them online in PDF format. Get familiar with their layout, and you'll be a Cal. HFA program whiz in no time. Don't forget to take the exam after each video for a verification of training. Cal. PLUS Conventional Loan Program Handbook. The Cal. PLUS Conventional program is a first mortgage loan insured through private mortgage insurance on the conventional market. The principle of carsharing is that individuals gain the benefits of private cars without the costs and responsibilities of ownership. Instead a household accesses a fleet of vehicles on an as-needed basis. Carsharing may be thought of as organized short-term car rental. Homeownership Assistance: California Need help buying a home? You may qualify for one of these programs. Statewide and Regional Programs California Housing Finance Agency (CalHFA) - homebuyer programs, including downpayment and closing cost. Most lenders require home buyers to pay at least 20 percent of a home's purchasing price as a down payment to qualify for a mortgage. According to the Mortgage Insurance Companies of America, saving the money for a down payment is for many the biggest obstacle to home ownership. This loan is fully amortized for a 3. Cal. HFA Zero Interest Program (ZIP) for down payment assistance and/or closing costs. Cal. HFA Conventional Loan Program Handbook. The Cal. HFA Conventional program is a first mortgage loan insured through private mortgage insurance on the conventional market. The interest rate on the Cal. HFA Conventional is fixed throughout the 3. Lender Training Video: FHA First Mortgage Products. A description of how your clients can benefit from Cal. HFA's FHA Loan Programs. Don't forget to take the exam after each video for a verification of training. This loan is fully amortized for a 3. Cal. HFA Zero Interest Program (ZIP) for down payment assistance and/or closing costs. Cal. HFA FHA Loan Program Handbook. The Cal. HFA FHA program is an FHA- insured loan featuring a Cal. HFA fixed interest rate first mortgage. This loan is fully amortized for a 3. Cal- EEM + Grant Program Handbook. The Cal- EEM + Grant program combines an FHA- insured Energy Efficient Mortgage first mortgage loan with an additional Cal- EEM Grant, making energy efficient improvements even easier. The interest rate on the Cal- EEM is fixed throughout the 3. DOWN PAYMENT ASSISTANCE PROGRAMSMy. Home Assistance Program Handbook. Offers a deferred- payment junior loan of an amount up to the lesser of three percent (3%) of the purchase price or appraised value to assist with down payment and/or closing costs. Applicants must also be first- time homebuyers. Offers a deferred- payment junior loan of an amount not to exceed the greater of $7,5. Cal. HFA- defined high cost areas an amount not to exceed the greater of $1. This MCC Tax Credit program may enable first- time homebuyers to convert a portion of their annual mortgage interest into a direct dollar for dollar tax credit on their U. S. State Treasurer’s Office), federal (e. GSEs, FHA) or private (e. Master Servicer and Mortgage Insurance provider) partners who have not allowed sufficient time for a 5- day notification.
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