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CalHFA Loan | How To Qualify For CalHFA

calhfa downpayment assistance program chris the mortgage pro rancho cucamonga www.fireyourlandlord.info mortgage loan home loan credit score fha va homes for sale real estate

CalHFA Loan | How To Qualify For CalHFA

 

 

the California Housing Finance Agency

Did you know that the California Housing Finance Agency also known as CalHFA offers a program where you’d have to put zero down and it’ll even cover closing costs? It’s an amazing program. It requires a 640 middle FICO score so that’s a big deal. All you got to do is qualify there, that’s considered poor to medium credit it’s not a high credit score type of program and you can get a hundred percent financing. Here’s the stipulation. Must be a first-time homebuyer. what’s a first-time homebuyer? It doesn’t mean you’ve never owned a home. It means you’ve never owned a home in the past three years. So, if you haven’t owned a home in the past three years, have a 640 FICO score, I can help you fire your landlord! call me Chris Trapani and I’ll help you do that.

 

Borrower Requirements

Borrower eligibility requirements for all CalHFA programs:

  • Must be a U.S. citizen, permanent resident or other qualified alien.
  • You will need to meet credit, income limits and loan requirements of the CalHFA
  • Need to live in the home you are purchasing for the entire term of the loan, or until the home is sold or refinanced.
  • CalHFA borrowers must complete homebuyer education counseling and obtain a certificate of completion through an eligible homebuyer counseling organization.
  • CalHFA’s down payment programs require you to be a first-time homebuyer.

Homebuyer education class

A CalHFA loan program requires one applicant to attend either in person or online a homebuyer education course.

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Guillermo Bermudez | Cal Capital Realty – The High Desert

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