California Homebuyer's Downpayment Assistance Program for First Time Home Buyers
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b) A legal citizen of the United State, a permanent resident or a qualified alien.

c) Satisfy the credit, loan, and income requirements that are set by CalHFA and the mortgage insurer

d) Able and willing to live in the AHPP-financed home until the end of the loan or until the house is refinanced or sold.

e) Willing to participate in a home buyer counseling program and must a have a certificate to verify it.

f) If the borrower is not a first time home buyer, he should be a veteran or a someone who is trying to acquire a home at a federally designated targeted area.

In terms of the property eligibility requirements, the borrower must choose a home that is:

1) Located in the State of California

2) Capable of becoming the borrower's primary residence

3) Priced within the limits set by CalHFA

4) Not larger than 5 acres

5) Categorized as a single family residence

6) A condominium or a unit in a planned unit development

In addition, borrowers under the CHDAP is also required to shell out a minimum contribution that is equal to 1% (or $1,000) of the total value of the property.

If you intend to read more about the California Homebuyer's Downpayment Assistance Program, you can visit http://www.calhfa.ca.gov/homebuyer/programs/chdap.htm.

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

category - Home Buying Programs

First Time Homebuyer Programs in Georgia
In July 1996, the Governor and General Assembly made a vital decision to join together the Georgia Housing and Finance Authority (GHFA) with the Department of Community Affairs.

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Second Mortgage Loan Program and Mortgage Credit Certificate for Homebuyers in North Carolina
One of the more popular programs is the FirstHome Mortgage Program for First Time Homebuyers which offer significantly low interest rates and a rather low fixed 30-year mortgage plan.

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Connecticut Housing Finance Agency Mortgage Programs for Military, Police and Teachers
The Connecticut Housing Finance Agency has established the Mortgage Programs for Military, Police and Teachers so as to provide reasonable housing opportunities to veterans and active duty service members of the United States Military, the National Guard, along with teachers and police officers who are assigned in under-served areas.

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Alabama Housing Finance Authority
The Alabama Housing Finance Authority, more commonly referred to as AHFA, is a public corporation which was established in the year 1980 under the Act No. 80-585 of the Alabama Legislature.

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