California Housing Finance Agency
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a) First Mortgage Loan Program - This type of first time homebuyer loan program could easily be one of the agency's most popular program as it caters to first time homebuyers who are seeking for a 30-year loan term and an interest rate that remains fixed throughout the entire 30 years.

b) CalHFA Targeted Areas Loan Program - This program is very much similar to the First Mortgage Loan Program in the manner that both programs offer homeownership opportunities in the form of a 30-year, fixed loan rate. They only differ in the sense that the CalHFA Targeted Areas Loan Program is only available in Federally Designated Targeted Areas only.

c) California Homebuyer's Downpayment Assistance Program (CHDAP) - This program can be used in conjunction with any other first time homebuyer program as it provides homebuyers with the opportunity to procure a deferred-payment subordinate loan in the amount of 3% of the purchase price or appraised value of their desired property.

d) School Facility Fee Down Payment Assistance Program (SFF) - This program is especially designed to provides assistance for down payment and/or closing costs to buyers of newly constructed homes throughout California and if the conditions of the program are met, the buyer might not have to repay the funds that have been administered under the program..

e) Section 8 Housing Choice Voucher Program - This program is funded by the United States Department of Housing and Urban Development. It enables qualified first time homebuyers to receive monthly assistance for homeownership expenses in lieu of monthly rent aid.

California Housing Finance Agency
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About The Author Michael Saunders is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs. He also maintains Websites providing resources on environmental grants and grants for youth programs.

Additional Resources

category - Home Buying Programs

Rehabilitation Mortgage Insurance Program
The Rehabilitation Mortgage Insurance Program intends to financially assist families as they repair or improve, purchase and improve, or refinance and improve their current residential properties that have been existent for more than a year.

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Urban Rehabilitation Homeownership Program for Homebuyers in Connecticut
The Connecticut Housing Finance Authority, otherwise known as CHFA, is an independent quasi-public housing agency operating within the State of Connecticut that was established in 1969 in an effort to lessen or alleviate the hurdles regarding the lack or insufficient supply of affordable housing opportunities for Connecticut’s low- and moderate-income families and individuals.

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Affordable Housing Partnership Program for the First Time Home Buyers in California
The Affordable Housing Partnership Program is a housing opportunity that enables first time home buyers in the State of California to seek financial assistance from lending institutions that have formed a partnership with CalHFA for the purposes of this endeavor.

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