CalHFA offering 30-year, fixed rate first-time home buyer loans
The California Housing Finance Agency (CalHFA) recently announced it is offering Cal30, a fixed rate, 30-year loan with up to 95 percent financing. This new loan program is available for eligible first-time home buyers.
In addition to the Cal30 program, CalHFA also offers the California Homebuyer’s Downpayment Assistance [...]
June 17, 2009
CalHFA offering 30-year, fixed rate first-time home buyer loans
June 17, 2009
“Foreclosure Moratorium” explained
“Foreclosure Moratorium” explained
Recent news headlines have caused confusion by mischaracterizing the new California Foreclosure Prevention Act as a “90-day moratorium” and incorrectly stating that the lender must modify delinquent loans before it begins foreclosure. In reality, the foreclosure process for certain owner-occupied residential first trust deeds has been extended by 90 days, effective June 15, [...]
