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First Home Mortgage Programs Government Loans The Cal, HFA FHA Program is an FHA-insured loan featuring a Cal, HFA 30 year repaired rate of interest very first mortgage. The Cal, PLUS FHA program is an FHA-insured very first home mortgage with a somewhat higher thirty years repaired rates of interest than our basic FHA program and is integrated with the Cal, HFA No Interest Program (ZIP) for closing costs.

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This loan is a 30-year set rate of interest very first mortgage. The Cal, HFA USDA Program is a USDA Ensured very first home loan program, which can be combined with the My, House Support Program (My, Home). This loan is a 30-year set rates of interest very first home loan. Standard Loans The Cal, HFA Conventional program is a first mortgage insured through personal mortgage insurance coverage on the standard market.

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The Cal, PLUS Standard program is a traditional very first home loan with a somewhat greater thirty years fixed interest rate than our basic conventional program and is combined with the Cal, HFA No Interest Program (ZIP) for closing costs. This Site put "down" or the down payment on your home loan can be among the largest obstacles for lots of novice property buyers.

This kind of help is often called a second or subordinate loan. Cal, HFA's secondary loans are "silent seconds", meaning payments on this loan are deferred so you do not have to make a payment on this help till your home is offered, refinanced or paid in complete. This assists to keep your regular monthly home loan payment budget-friendly.

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5% of the purchase rate or assessed value to help with down payment and/or closing costs, with a cap of $11,000. USDA, Standard: My, Home provides a deferred-payment junior loan of an amount as much as the lower of 3% of the purchase rate or assessed value to assist with deposit and/or closing expenses, with a cap of $11,000.

Note that the $11,000 cap does not use to school workers and fire department staff members, or those acquiring new building homes, made homes, or homes with ADUs.