City of Walnut Creek First Time Homebuyer Assistance Program
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person, permanent homeowner or qualified alien Should attend a homebuying counseling course and present a certificate of completion Must satisfy any additional loan requirements of your Cal, HFA-approved lending institution and the mortgage insurance company Note: An approved homebuyer therapy course can be taken online through e, Home for $99, or in-person through a HUD-approved housing therapy company or Next-door Neighbor, Functions America; fees differ by company.
The interest rate on the Cal, HFA Standard loan is repaired throughout the 30-year term. On the other hand, the Cal, PLUS Standard program features a slightly greater 30-year repaired interest rate, however you can integrate it with the My, Home Help program for down payment aid and the Cal, HFA Absolutely No Interest Program (ZIP) for closing costs.
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If you pick the greater help amount, you'll get a higher interest rate on the loan itself. Cal, HFA and Cal, PLUS FHA loan programs, The Cal, HFA FHA Program is a loan insured by the Federal Housing Administration that includes a Cal, HFA 30-year fixed interest rate for a main home.
Another option: the Cal, PLUS FHA program. It's an FHA-insured loan that features a slightly higher 30-year fixed rate but it's coupled with the Cal, HFA ZIP. Like the Cal, PLUS standard program, ZIP offers 3 percent or 4 percent of the Cal, PLUS FHA loan total up to assist with closing costs or prepaid items only (including FHA's necessary upfront home mortgage insurance premium).
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The rates of interest on the Cal-EEM is fixed for 30 years. Plus, you can integrate the mortgage with a grant of as much as 4 percent of the purchase cost. Another Point of View to be used to spend for energy-efficient enhancements that go beyond FHA's limitations for improvement expenses. The maximum limit is either 5 percent of the home's worth (not to exceed $8,000) or $4,000, whichever is greater based upon the value of the residential or commercial property.
Cal, HFA VA Loan Program, The Cal, HFA VA program is a loan guaranteed by the U.S. Department of Veterans Affairs. It features a Cal, HFA repaired interest rate for a 30-year term. The VA has its own requirements for eligibility. Cal, HFA down payment help programs, For numerous novice homebuyers, conserving up for a down payment and closing expenses is among the most daunting challenges to homeownership.
