Archive | Down Payment Assistance


Golden State Finance Authority Homebuyer Assistance Programs

The Golden State Finance Authority (GSFA) is a California housing finance agency and public entity that supports affordable homeownership with down payment and closing cost assistance programs for low to moderate wage income homebuyers in California. Formerly known as CHF (or CRHMFA – California Rural Home Mortgage Finance Authority), Golden State Finance Authority (GSFA) assistance […]

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SCHFA First Home Mortgage Assistance Program

The Southern California Home Financing Authority’s (SCHFA) First Home Mortgage Program provides a 4% down payment assistance grant for first time homebuyers in Orange County, California. The SCHFA homebuyer assistance program is a true first time homebuyer grant that will help eligible buyers in Orange County, CA and Los Angeles County overcome the largest obstacle to buying […]

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CityLIFT Down Payment Assistance for the Inland Empire

The CityLIFT Down Payment Assistance (DPA) program provides $15,000 to eligible home buyers for Inland Empire’s Riverside County cities of Corona, Riverside, Moreno Valley, and San Bernadino County cities of Fontana and San Bernardino. The $15,000 CityLIFT funds are actually a ‘soft second’ mortgage which are then forgiven (free money) after the borrower has occupied […]

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2013-2014 CHDAP Income Limits – California Homebuyers Downpayment Assistance Program

The 2013-2014 CalHFA CHDAP maximum income limits have been updated and surprisingly increased in all 58 counties of California when used with FHA, VA, USDA and Conventional financing! CHDAP  (California Homebuyers Downpayment Assistance Program) provides a silent second deferred interest loan (up to 3% of the sales price) that California first time home buyers can […]

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CalHFA CHDAP Reduces Qualifying Amount for First Time Homebuyers by 20%!

The California Housing Finance Agency (CalHFA) significantly revised their guidelines to reduce how much a first time homebuyer can qualify for when using their 3% California Homebuyer’s Downpayment Assistance Program (CHDAP).   3/21/2014 CalHFA NEWS UPDATE: CalHFA just announced a reversal and now set the new maximum DTI ratio at 45%! CalHFA Program Bulletin #2013-06 […]

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