CalHFA to Offer Purchase Assistance to Borrowers affected by Natural Disasters in California
Effective June 25, 2018, CalHFA will waive its first-time homebuyer requirement for borrowers who were impacted by California natural disasters, beginning with the October 2017 wildfires.
Those borrowers whose owner-occupied home was destroyed or declared uninhabitable may apply for CalHFA first mortgage programs, including the MyHome Assistance Program or School Teacher and Employee Assistance Program for down payment and/or closing cost assistance. The Zero Interest Program (ZIP) is also available for closing cost assistance only when used with either the CalPLUS FHA or CalPLUS Conventional loan program.
See bulletin below for details:
Program Bulletin #2018-10 - CalHFA to Offer Purchase Assistance to Borrowers affected by Natural Disasters in California
Thank you for your continued partnership with CalHFA.