The 2010 allocation just came out, and they have enough funding for $20 million worth of mortgages.
You would have to be living in a cave to not notice that the mortgage industry is in turmoil. At lease that’s what it seems if you read the papers or watch the news. If you didn’t know better you would be under the impression that it’s almost impossible to get financing for a home, [...]
WHAT IS IT? The California Homebuyer’s Downpayment Assistance Program (CHDAP) provides a deferred-payment junior loan – up to 3% of the purchase price, or appraised value, whichever is less – to qualified borrowers to be used for their down payment or closing costs. Specifically qualified and eligible – you must meet a moderate income [...]