What First-Time Buyers Programs are available in California from Sam Silver Fathom Realty CalDRE #01412755

 California first-time buyers programs

There are several programs available for first-time home buyers in California, including:

CalHFA First Mortgage Programs: These programs offer low-interest rates and down payment assistance to first-time home buyers.

CalHFA Down Payment Assistance Programs: These programs provide financial assistance to help with the down payment and closing costs.

FHA Loans: These loans, which are insured by the Federal Housing Administration, are available to first-time home buyers and have more lenient credit and income requirements than conventional loans.

VA Loans: These loans, which are guaranteed by the U.S. Department of Veterans Affairs, are available to veterans and active-duty military members and offer favorable terms, such as no down payment and no mortgage insurance.

USDA Loans: These loans, which are guaranteed by the U.S. Department of Agriculture, are available to buyers in rural areas and offer 100% financing with no down payment required.

The California Homebuyer's Downpayment Assistance Program (CHDAP): This program provides a deferred-payment junior loan to assist with the down payment and closing costs on the purchase of a home.

It is best to check with the specific program and agency to confirm the current details and qualifications.