California Homebuyer's Downpayment Assistance Program for First Time Home Buyers

by:

The California Housing Finance Agency, otherwise known as CalHFA, is an independent agency in the State of California that has been providing financial assistance to low and moderate income Californians in an attempt to help them seek safe, decent and affordable housing opportunities.

The programs of CalHFA are constantly guided by its overall agency mission which is to "finance below market rate loans to create safe, decent and affordable rental housing and to assist first-time homebuyers in achieving the dream of homeownership."

In line with this mission, the California Housing Finance Agency has constituted the establishment of the California Homebuyer's Downpayment Assistance Program, more commonly referred to as CHDAP.

The California Homebuyer's Downpayment Assistance Program is a deferred payment junior loan that can be used in conjunction with other CalHFA housing programs. It provides borrowers with funds amounting to 3% of the actual value of the property that they wish to inquire in order to cover the downpayment costs.

The CalHFA has stipulated guidelines that needs to be met when it comes to applying for its programs. In this case, if a borrower wants to qualify for the California Homebuyer's Downpayment Assistance Program, he/she must be:

a) A first time home-buyer (someone who has not owned a home)   (continued...)

California Homebuyer's Downpayment Assistance Program for First Time Home Buyers
  Page 2

About The Author

The TopGovernmentGrants Editorial Staff maintains one the most comprehensive Websites offering information on government grants and federal government programs.

The staff also provides resources to other Websites with information on environmental grants and grants for youth programs.




Additional Government Grants Resources


Direct Housing Natural Disaster Loans and Grants
The primary goal of the Direct Housing Natural Disaster Loans and Grants program is to provide loans or grants to homeowners whose homes are situated in counties that are named by the Federal Emergency Management Agency as being qualified to receive federal assistance under an emergency declaration that is made by the President of the United States.


Cancer Education Grants Program
The Cancer Education Grants Program has been existent since the year 1994 and has long been providing support to innovative cancer education grants program that aim to translate the knowledge obtain from the research studies into actual public health applications.


Connecting to Collections Statewide Implementation Grants
The Institute of Museum and Library Services has recently established the Connecting to Collections Statewide Implementation Grants Program.


Eradication of HIV from CNS Reservoirs: Implications for Therapeutics Grant Program
The National Institutes of Health has collaborated with The National Institute of Mental Health (NIMH), The National Institute of Neurological Disorders and Stroke (NINDS), and The National Institute of Allergy and Infectious Disease (NIAID) in an attempt to establish the Eradication of HIV from CNS Reservoirs: Implications for Therapeutics Grant Program.


Agriculture and Food Research Initiative: National Institute of Food and Agriculture Fellowships Grant Program
The Agriculture and Food Research Initiative grant program revolves around the premise of providing funds to both fundamental and applied research studies, education, and extension that would hopefully address concerns related to food and agricultural sciences.


Federal and State Technology Partnership Program
The Federal and State Technology Partnership Program works around the objective of being able to boost and strengthen the technological competitiveness of small business establishments in the United States of America.


The Secret to Acquiring Business Grants
Business grants could be one of the most important financial tools that nearly all businesses would need. They may not be the single most significant support businesses could have, but they can get definitely help you start the business right....






Social Entrepreneurship
Spotlight



Students and Social Enterprises

Students and Social Enterprises
Two students interested and engaged with the social enterprise movement speak about their experiences: Megan...



Nonprofit Jobs

  Fundraising & Development Jobs
  Education Jobs
  Substance Abuse Jobs
  Fundraising & Development Jobs
  Executive Director Jobs





More Federal Domestic Assistance Programs


California Refuge Account | Maritime Studies and Innovations | Alaska Native Science and Engineering | Crop Insurance Education in Targeted States | Office on Violence Against Women Special Projects |  Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy


Edited by: Michael Saunders

© 2004-2019 Copyright Michael Saunders