News Wire: CalHFA's Community Home Loan Program
by Hassan Nicholás
The State has just launched a new program to help those first-time home buyers interested in purchasing Real Estate Owned (REO) properties located in selected counties and zip codes in California. Under the Community Home Loan Program participating financial institutions will provide a special sales price on their eligible REOs located in specified areas, at below market interest rates and 100% financing. Remember that other CalHFA 1st loan program can only do up to 95% financing. All of this could add up to a great deal for those in the market for bank owned properties. As of now there is nothing on their website about this new program so we expect that they should be making updates soon.
Check out the eligible areas below.
1 comment:
Thanks for stopping by Jessica. I always recommend getting a home inspection done for reasons you already revealed. It's one of those things about the home buying process that I feel aren't stressed enough.
Thanks!
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