First Time Homebuyer Programs in California
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a) A first time home-buyer (someone who has not owned a home)

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.

First Time Homebuyer Programs in California
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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 artist grants and children grants.

Additional Resources

category - Home Buying Programs

First Time Homebuyer Programs in Connecticut
The Connecticut Housing Finance Authority, otherwise known as CHFA, is a self-supporting quasi-public housing agency operating within the State of Connecticut. The agency was established in the year 1969 in an effort to address the concerns regarding the lack or insufficient supply of affordable housing opportunities for Connecticut’s low- and moderate-income families and individuals.

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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
In an attempt to contribute to the eradication of this problem, the North Carolina HFA has established the Downpayment Assistance Program for the First Time Home Buyers wherein they provide interest-free, deferred second mortgages up to $8,000 to cover the downpayment and closing costs of a chosen property.

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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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