FHA and CHDAP- California has successful bond option

May 7, 2009 | Brian Lebars

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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Filed Under: FHA

Tagged: CALHFA, Down Payment Assistance, FHA, fha mortgage, fha mortgages, Mortgage

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Brian LeBars, Loan Consultant at Vintage Mortgage Group specializes in real estate loans, Jumbo homes loans, FHA loans, FHA 203k, first time home buyer loans, Community down payment assistance programs and Green Mortgage options. Green Mortgage Group is a source for information on real estate, homes, and Bay Area foreclosures and financing options. Green Mortgage Group provides you with all the resources you need to explore purchase and refinance options in the Tri-Valley, East Bay, and San Joaquin counties

Authored by Brian LeBars, Mortgage Broker and top producing Bay Area lender specializing in Refinance loans, Jumbo homes loans, FHA loans, FHA 203k, purchase loans, first time home buyer loans and community first time home buyer down payment assistance programs.