Offered by the California Housing and Finance Agency, CalHFA offers various affordable loan programs that may help you reach new clients all while helping homeowners get the financing they need.

 

Let’s face it, one of the biggest hurdles for First Time Buyers is finding the funds for a Down Payment. For many in California, CalHFA’s My Home Assistance Program may be a good option for down payment and closing cost assistance. CalHFA offers a second or subordinate loan. These subordinate loans are “silent seconds”, meaning payments on this loan are deferred so homeowners don’t have to make a payment on this assistance until the home is sold, refinanced, or paid in full. This helps to keep the monthly mortgage payment affordable.