CalHFA is pleased to announce a new loan program starting September 5, 2019. The CalHFA USDA Rural Development Loan Program is a USDA Guaranteed first mortgage loan, which can be combined with the MyHome Assistance Program (MyHome) or the School Teacher and Employee Assistance Program (School Program). The MyHome and School Program can be used for down payment and closing cost assistance and are for first-time homebuyers only.
CalHFA is also pleased to announce the addition of HUD’s Section 184 Indian Home Loan Guarantee Option to its CalHFA FHA and CalPLUS FHA with ZIP loan programs, starting September 5, 2019. The Section 184 Option can also be layered with the MyHome or School Teacher and Employee Assistance Program. CalHFA’s first-time homebuyer requirement for the MyHome and School Programs will be waived for the Section 184 Option.
See the bulletins below for more details:
Thank you for your continued partnership with CalHFA