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

Achieving the Dream Program for First Time Home Buyers in New York
One of the programs of the State of New York Mortgage Agency, is the Achieving the Dream Program wherein it seeks to provide eligible low income first time home buyers with really low down payment mortgage financing programs.

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Homebuyer Mortgage Program for First Time Homebuyers in Connecticut
The Connecticut Housing Finance Authority has been administering the Homebuyer Mortgage Program for First Time Homebuyers. The program is capable of offering home loans and below-market interest rates to first time homebuyers who reside in Connecticut and who are planning to acquire a property that is located in Connecticut.

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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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Downpayment Assistance Program for the First Time Home Buyers in North Carolina
The programs and activities of the North Carolina Housing Finance Agency are constantly geared towards the satisfaction of the best interest of its target population, which is why all their endeavors are carefully guided by their overall agency mission which is "to create affordable housing opportunities for North Carolinians whose needs are not met by the market."

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