The 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 […]
Archive | Down Payment Assistance
Dream Makers Homebuyer Assistance Grant for Veterans and Military
The Dream Makers first time homebuyer grant provides up to $5,000 in closing cost and/or down payment assistance for qualified Veterans and military service members with low to moderate income. The Dream Makers grant assists our nations heroes who are unable to afford the required closing costs or possible down payment needed to achieve homeownership. […]
HELP Down Payment Assistance Grant
The HELP down payment assistance grant is a homebuyer assistance program for California residents with moderate income. The HELP homebuyer assistant grant provides opportunities for sustainable and responsible homeownership for people who need assistance with paying closing costs or meeting the minimum down payment requirement. The HELP down payment assistance program provides up to 6% […]
California 1% Down Payment Conventional Mortgage Program
The California 1% down payment Conventional Equity Boost mortgage program is designed to help homebuyers with good credit and moderate income overcome their lack of down payment and qualify for affordable financing. The Conventional 1% down mortgage uses either the Freddie Mac HomePossible Advantage loan or Fannie Mae’s HomeReady loan, with additional qualifying criteria, that […]
How to Qualify for Down Payment Assistance
Learning how to qualify for a down payment assistance program in California is a frustrating and confusing experience for most first time home buyers. This article will help you understand what the criteria are and how to qualify for a down payment assistance program. Most home buyers give up after their first few inquiries and wonder why […]
HomePath Ready Buyer Program
Fannie Mae’s HomePath® Ready Buyer™ Program provides up to 3% closing cost assistance for qualified creditworthy first time home buyers. The purpose of Fannie Mae’s HomePath Ready Buyer Program is to educate first time home buyers to help them better understand the home buying process……essentially to make better buying decisions which, which in theory, should create […]
CalHFA MyHome Assistance Program
What is the CalHFA MyHome Assistance Program? CalHFA offers the MyHome down payment and closing cost assistance program to help first time homebuyers purchase a home in California. The MyHome Assistance Program provides up to 3% to 3.5% of the sales price or appraised value (whichever is less). Assistance funds are in the form of […]