Community Home Advantage Program (CHAP)

Community Home Advantage Program CaliforniaThe Community Home Advantage Program (CHAP) is a community based homebuyer assistance program designed to expand the availability of credit and promote fair and affordable lending to homeowners and homebuyers purchasing a home in targeted communities, cities and zip codes within California.

The CHAP Community Home Advantage Program provides a .50% to 1.00% discount to the cost of an interest rate when either buying or refinancing a home in a designated qualifying zip code in Riverside County, San Bernardino County, Los Angeles County, Orange County, or San Diego County.

The CHAP discount can help one of two ways:

  1. For example purposes, lets say the loan amount is $350,000 and the discount in that zip code is .50%. The .50% discount would yield the borrower a $1,750 credit that can be applied towards paying closing costs
  2. Or, the .50% discount may help you reduce the interest rate .125% to .25%, which saves you thousands of dollars over the life of the loan

CHAP Qualifying Guidelines

The Community Home Advantage Program follows the standard guidelines set forth by FHA, VA, USDA, Fannie Mae, and Freddie Mac Conventional loans.

The only eligibility or qualifying criteria for CHAP is:

  1. Purchase a home in an eligible County and zip code
  2. Qualify for a Conventional, FHA, USDA or VA home loan
  3. Conforming loan amounts only (no Jumbo loans) view California loan limits here
  4. Purchase, Refinance,  and cash-out refinance transactions
  5. Primary,2nd home, and Investment properties eligible

CHAP does NOT have additional restrictions like most other homebuyer assistance programs.

  • No DTI ratio limit
  • No income limit
  • No first time homebuyer requirement
  • No early payoff penalty
  • No deed restrictions

CHAP Eligible Zip Codes, County, and Cities

CHAP is only eligible for purchase and refinance loans located in these counties, cities/communities and zip codes of California.

Ventura County (click to view)

Ventura County 
93015 – Ventura
93030 – Ventura
93033 – Ventura
93036 – Ventura
93040 – Ventura
93041 – Ventura
93060 – Ventura
93252 – Ventura

Los Angeles County (click to view)

Los Angeles County
90001 – Los Angeles (South Los Angeles), Florence-Graham
90002 – Los Angeles (Southeast Los Angeles, Watts)
90003 – Los Angeles (South Los Angeles/Broadway Manchester)
90004 – Los Angeles (Hancock Park, Rampart Village, Virgil Village, Western Wilton, Wilshire Center, Windsor Square)
90005 – Los Angeles (Hancock Park, Koreatown, Wilshire Center, Wilshire Park, Windsor Square)
90006 – Los Angeles (Byzantine-Latino Quarter, Harvard Heights, Koreatown, Pico Heights)
90007 – Los Angeles (University Park)
90008 – Los Angeles (Baldwin Hills, Crenshaw, Leimert Park)
90011 – Los Angeles (Southeast Los Angeles)
90013 – Los Angeles (Downtown Central)
90015 – Los Angeles (Dowtown Fashion District, South Park-South)
90016 – Los Angeles (West Adams)
90017 – Los Angeles (Downtown Bunker Hill, City West, South Park-North)
90018 – Los Angeles (Jefferson Park, Leimert Park)
90019 – Los Angeles (Arlington Heights, Country Club Park, Mid-City)
90021 – Los Angeles (Downtown Fashion District, Downtown Southeast)
90022 – East Los Angeles
90023 – Commerce, East Los Angeles
90026 – Los Angeles (Echo Park, Silver Lake)
90029 – Los Angeles (East Hollywood)
90031 – Los Angeles (Lincoln Heights, Montecito Heights)
90032 – Los Angeles (El Sereno, Monterey Hills)
90033 – Los Angeles (Boyle Heights)
90037 – Los Angeles (South Los Angeles)
90040 – City of Commerce
90042 – Los Angeles (Highland Park)
90043 – Los Angeles (Hyde Park, View Park, Windsor Hills)
90044 – Athens, Los Angeles (South Los Angeles)
90047 – Los Angeles (South Los Angeles)
90056 – Ladera Heights
90057 – Los Angeles (Westlake)
90058 – Los Angeles (Southeast Los Angeles, Watts), Vernon
90059 – Los Angeles (Southeast Los Angeles, Watts), Willowbrook
90061 – Los Angeles (South Los Angeles)
90062 – Los Angeles (South Los Angeles)
90063 – City Terrace, Los Angeles (Boyle Heights)
90065 – Los Angeles (Cypress Park, Glassell Park, Mt Washington)
90071 – Los Angeles (Downtown Bunker Hill, City West, Historic Core, South Park-North)
90073 – Los Angeles
90201 – Bell, Bell Gardens, Cudahy
90220 – Compton, Rancho Dominguez
90221 – Compton, East Rancho Dominguez
90222 – Compton, Rosewood, Willowbrook
90240 – Downey
90241 – Downey
90242 – Downey
90247 – Gardena
90248 – Gardena
90249 – Gardena
90250 – Hawthorne (Holly Park)
90255 – Huntington Park, Walnut Park
90260 – Lawndale

90262 – Lynwood
90270 – Bell, Maywood
90280 – South Gate
90301 – Inglewood
90302 – Inglewood
90303 – Inglewood
90304 – Inglewood, Lennox
90305 – Inglewood
90601 – City of Industry, Whittier
90602 – Whittier
90603 – Whittier
90604 – East La Mirada, South Whittier, Whittier
90605 – South Whittier, Whittier
90606 – Los Nietos, West Whittier
90631 – La Habra Heights
90640 – Montebello
90650 – Norwalk
90660 – Pico Rivera
90670 – Santa Fe Springs
90704 – Avalon, Santa Catalina Island
90706 – Bellflower
90710 – Los Angeles (Harbor City)
90715 – Lakewood
90716 – Hawaiian Gardens
90723 – Paramount
90731 – Los Angeles (San Pedro, Terminal Island)
90744 – Los Angeles (Wilmington)
90745 – Carson
90746 – Carson
90802 – Long Beach
90804 – Long Beach (East Long Beach)
90805 – Long Beach (North Long Beach)
90806 – Long Beach
90810 – Carson, Dominguez, Long Beach
90813 – Long Beach
91001 – Altadena
91010 – Azusa, Bradbury, Duarte, Irwindale, Monrovia
91103 – Pasadena
91303 – Los Angeles (Canoga Park)
91306 – Los Angeles (Winnetka)
91330 – Los Angeles (California State Univ Northridge)
91331 – Los Angeles (Arleta, Hansen Hills, Pacoima)
91335 – Los Angeles (Reseda)
91340 – San Fernando
91342 – Los Angeles (Lake View Terrace, Sylmar), Kagel Canyon
91343 – Los Angeles (North Hills)
91345 – Los Angeles (Mission Hills)
91352 – Los Angeles (La Tuna Canyon, Sun Valley)
91402 – Los Angeles (Panorama City)
91405 – Los Angeles (Valley Glen)
91406 – Los Angeles (Lake Balboa, Van Nuys)
91411 – Los Angeles (Van Nuys)

91601 – Los Angeles (North Hollywood, Toluca Terrace)
91605 – Los Angeles (North Hollywood)
91606 – Los Angeles (North Hollywood)
91702 – Azusa, Irwindale
91706 – Baldwin Park, Irwindale
91722 – Covina
91723 – Covina
91731 – El Monte
91732 – El Monte
91733 – El Monte, South El Monte
91744 – City of Industry, La Puente, Valinda
91746 – Avocado Heights, Bassett, West Puente Valley
91766 – Pomona (Phillips Ranch)
91767 – Pomona
91768 – Pomona
91790 – West Covina
91791 – West Covina
93534 – Lancaster
93535 – Hi Vista, Lake Los Angeles, Lancaster, Roosevelt Corner, Wilsona Gardens
93543 – Juniper Hills, Littlerock, Sun Village
93550 – Lake Los Angeles, Palmdale
93552 – Palmdale
93591 – Lake Los Angeles, Palmdale

Orange County (click to open)

Orange County
90621 – Buena Park
90631 – La Habra
90680 – Stanton
92701 – Santa Ana
92703 – Santa Ana
92704 – Santa Ana
92706 – Santa Ana
92707 – Santa Ana
92780 – Tustin
92801 – Anaheim
92802 – Anaheim
92804 – Anaheim
92805 – Anaheim
92806 – Anaheim
92832 – Fullerton
92868 – Orange

San Diego County (click to open)

San Diego County
91910 – Chula Vista
91911 – Chula Vista
91914 – Chula Vista
91915 – Chula Vista
91917 – Dulzura
91932 – Imperial Beach
91945 – Lemon Grove
91950 – National City
91963 – Potrero
91977 – Spring Valley
91980 – Tecate
92025 – Escondido
92027 – Escondido
92083 – Vista
92102 – San Diego
92105 – San Diego, City Heights
92113 – San Diego, Logan Heights
92114 – San Diego, Encanto
92154 – San Diego, Otay Mesa
92173 – San Ysidro

Riverside County (click to open)

Riverside County
91752 – Riverside
92201 – Riverside
92225 – Riverside
92234 – Riverside
92236 – Riverside
92240 – Riverside
92254 – Riverside
92258 – Riverside
92274 – Riverside
92275 – Riverside
92276 – Riverside
92324 – Riverside
92501 – Riverside
92503 – Riverside
92504 – Riverside
92505 – Riverside
92507 – Riverside
92509 – Riverside
92530 – Riverside
92548 – Riverside
92551 – Riverside
92553 – Riverside
92555 – Riverside
92557 – Riverside
92567 – Riverside
92570 – Riverside
92571 – Riverside
92582 – Riverside
92583 – Riverside
92585 – Riverside
92879 – Riverside
92882 – Riverside

San Bernardino County (click to open)

San Bernardino County
91710 – San Bernardino
91730 – San Bernardino
91752 – San Bernardino
91761 – San Bernardino
91762 – San Bernardino
91763 – San Bernardino
91764 – San Bernardino
91766 – San Bernardino
91786 – San Bernardino
92301 – San Bernardino
92304 – San Bernardino
92309 – San Bernardino
92311 – San Bernardino
92316 – San Bernardino
92324 – San Bernardino
92335 – San Bernardin0
92336 – San Bernardino
92337 – San Bernardino
92344 – San Bernardino
92345 – San Bernardino
92346 – San Bernardino
92368 – San Bernardino
92376 – San Bernardino
92377 – San Bernardino
92392 – San Bernardino
92394 – San Bernardino
92395 – San Bernardino
92401 – San Bernardino
92404 – San Bernardino
92405 – San Bernardino
92407 – San Bernardino
92408 – San Bernardino
92410 – San Bernardino
92411 – San Bernardin0
92509 – SanBernardino

Get the Facts & Know Your Options

Did you realize that there was a survey conducted in 2016 that found nearly 86% of all lenders and Loan Officers do not present a borrower with all of the loan options available to them?

Why do you think that is?

  1. Most loan officers simply don’t know all of the options available to you
  2. Don’t want to take the time educating you
  3. Don’t have access to the other programs that could be of greater benefit to you

If you would like to learn about the many other home buyer assistance programs you may be eligible for to make an informed decision, contact me here.

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