CalHFA announces new 40-Year Fixed Mortgage CalHFA is pleased to announce our new 40-Year Fixed Mortgage. This conventional loan may be funded up to 100% of purchase price or appraised value, whichever is less. Borrowers do not need to come up with funds for a down payment although HiCAP, CHDAP, HIRAP, ECTP and AHPP loan programs may still be utilized where applicable and eligible (CHAP is not available with this program). The 40-year loan is available for resale housing as well as newly-, not-previously-occupied units. The School Facility Fee (SFF) grant may also be used for new units in combination with the 40-Year Fixed Mortgage and other CalHFA first mortgage products, where applicable. Mar 7, 2006, 08:39
Tuesday, March 07, 2006
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