The
CalHFA program is available on a statewide basis;
however, not all properties are eligible throughout
the state. The property requirements and restrictions
are listed below:
-
Priced
at or below the limits established by CalHFA
for new or existing homes (income
and sales
price limits slightly higher in Federally
designated Targeted
Areas).
-
Either
a newly constructed or existing (previously owned)
home
-
Eligible
properties include:
-
Single family residence (detached)
-
Five
acre maximum
-
An
attached residence (a half-plex that is not
part of a planned unit development (PUD) or
Condominium)
-
A
detached unit within a PUD
-
A
Condominium or attached unit in a PUD. (Check
with lender for eligible condominiums.)
View a list of
Affordable Developers by County
CalHFA does not lend money directly to consumers. CalHFA works through and uses approved private lenders to qualify consumers and to make all mortgage loans. CalHFA purchases closed loans that meet CalHFA's requirements. The fees consumers pay could be different depending on the lender and the program.
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