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 [...]

CalHFA and Down Payment assistance programs deliver 100% Financing in the Bay Area-

Recently CalHFA announced that effective Tuesday, March 25, 2008, the maximum Loan-to-Value on our conventional mortgage loan products will be limited to 95%. This raises the question: “How do I continue offering my clients 100% financing through CalHFA?”
Fortunately, this question has a relatively easy answer:  Layering multiple loans. 

First Time Home Buyers- Extra Credit Teacher Program in the Bay Area served on a silver platter

Earlier this month I outlined city financing and down payment assistance programs offered for Pleasanton First Time Homebuyers, Dublin First Time Homebuyers and Livermore’s First Time Homebuyers. Today I would like to deliver on a silver platter a program that can be used in conjunction with some of the city programs for additional savings for First Time [...]