Where can I find a full disclosure of calhfa loan details?
CalHFA and FHA were made for first time homebuyers. This enables first time homebuyers to get into a home without being overcharged by brokers. Another good thing is that you have 100% financing available for you. They also allow you to receive down payment assistance.
The best part of CalFHA and FHA is there is no minimum credit score required. CalHFA and FHA is what I call smart lending and is much better than the conventional financing and extremely better than subprime.
http://www.worldbestloans.com/
You see CalHFA and FHA aren’t new programs, these programs have always been available, the problem is that subprime and conventional was a faster process which led those brokers and agents that wanted to make money quick, well they picked the quicker and less "strict" route.
Hi, I would recommend working with a lender in person on this loan. I had a buyer do a CalHFA earlier this year with Jenni Sherman at Countrywide in the Tapo Office. Sure Countrywide has gotten a lot of bad press but they are an approved lender and working with an actual person who has successfully closed a CalHFA is so much better than trying to do it online or with a lender you later find out has never done one. Plus, these are a little tricky. Countrywide has an inhouse pre-underwriting type process so, the really have it dialed in before they package up the loan to submit to CalHFA, if that makes sense. Jenni can be reached at 805-306-7520. You can make an appointment and sit down and talk with her. Its the best way to work on one of these loans. Good luck and let me know if I can help you find a home once you get pre-approved. I have a great automated service that will send you homes that meet your criteria once you know more about what you can price range you can qualify to purch
