High Cost Area Home Purchase Assistance Program (HiCAP)5
6.750%
CalHFA Housing Assistance Program (CHAP)
6.750%
California Homebuyer’s Downpayment Assistance Program (CHDAP)
3.000%
Homeownership In Revitalization Areas Program (HIRAP)
3.000%
Extra Credit Teacher Program (ECTP)
5.000%
HomeChoice CHAP
6.750%
1 The interest rates are those CalHFA rates in effect on the date shown. The down payment assistance loan interest rates are calculated as simple interest per annum. However, all of the rates shown are subject to change without notice. CalHFA does not lend money directly to consumers. CalHFA works through and uses approved private lenders to qualify consumers and to make all mortgage loans. The fees consumers pay could be different depending on the lender and the program.
Believe you will need to combine progroams to reach 100% financing. You would combine the Chafa Loan with the CDAP( California Down Payment Assistance Program) and wind up with over 100% financing. There are income limitations but you can get all of that form the web site. This is for the First time homeowner making 100K or less starting a family.
For those of you who are higher income 30 Year Fixed Rates
Clarksville Mortgage 5.45 APR 410-531-9227
Advantage One Mortgage 5.46 Tulsa Ok 405-942-2077
Homesource Mortgage 5.58 Sugarhill GA 7706144611
All of these figures come from the Wall Street Journal.
Hopefully this helps give you a better idea of low interest rate benchmarks.
This thread is a stating point not a shortcut for proper due dilignece.
I personally believe financig comes first Home buying comes second. Just an opinion.
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