How Does A Down Payment Assistance Program Work?
They provide a set amount of money to qualified home buyers. Home buyers can use the money to cover their down payment or closing costs.
If your down payment assistance is treated as a loan, it would have to be paid in full if you sold the property, refinanced, or finished making all of your mortgage payments.
How Do You Qualify?
Complete the following questionnaire and we will reach out to you with down payment assistance options.
The CalHFA Conventional program is a first mortgage loan insured through private mortgage insurance on the conventional market. The interest rate on the CalHFA Conventional is fixed throughout the 30-year term.
Don’t Worry About A Down Payment!
We can help you calculate your monthly payments, how much you can afford, and which CalHFA programs you may be eligible for.
- CalHFA borrowers must complete homebuyer education counseling and obtain a certificate of completion through an eligible homebuyer counseling organization
- Meet CalHFA income limits for this program
- Meet a minimum credit score
- You will need to occupy the property as your primary residence
At USAFC Realty, we strive to help borrowers achieve the American dream of owning a home! Stop wasting money on rent.
If you need help with a down payment, contact USAFC Realty.
Your next home is waiting for you!
©2020 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of San Diego MLS data last updated at January 24, 2020 11:32 AM PT The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.