State and Local Mortgage Programs for 1st Time Property Buyers in CA
There are several sources that will help first time property buyers get a mortgage loan in California. The agency that provides help throughout the state is the California Housing Finance Agency. They have two different mortgage loan offerings:
“CalPLUS Loan Program
The CalPLUS program is an FHA-insured loan featuring a CalHFA fixed interest rate first mortgage. This loan is fully amortized for a 30-year term and is combined with the CalHFA Zero Interest Program (ZIP) for down payment assistance only.
The CalHFA FHA program is an FHA-insured loan featuring a CalHFA fixed interest rate first mortgage. This loan is fully amortized for a 30-year term and can be combined with either the California Homebuyer Downpayment Assistance Program (CHDAP) or the Extra Credit Teacher Program (ECTP). ”
Click here to find out more.
There are also these local mortgage propositions:
Fresno Housing Loans – “For additional information please call (559) 600-4292.”
For even more options, please visit our California Down Payment Assistance page.