What is CalHFA? | Down Payment Assistance Explained
CalHFA MyHome Program Explained – Get Down Payment Assistance in California!
💡 Are you a first-time homebuyer in California? Struggling with saving for a down payment? CalHFA's MyHome program could be your solution! This state-backed program helps buyers afford a home with down payment assistance, making homeownership more accessible.
Hi, I’m Amy DeBusk, a First-Time Homebuyer Specialist and Certified Mortgage Planner with over 25 years of experience helping buyers navigate home loans, including CalHFA programs. If you're ready to buy but need financial help, this video will break down how the CalHFA MyHome assistance program works and how you can qualify! ✅
🔑 What You'll Learn in This Video:
✔️ What is CalHFA? (California Housing Finance Agency)
✔️ How much assistance can you get? (Up to 3% for conventional loans and 3.5% for FHA loans)
✔️ Who qualifies for MyHome assistance?
✔️ Minimum credit score requirements (660 for FHA, 700 for conventional)
✔️ How the simple interest repayment works (only 3.5% simple interest!)
✔️ Debt-to-income (DTI) ratio limits (Up to 50% for qualified borrowers!)
📞 Ready to buy a home? Let’s talk! Schedule a FREE home loan consultation today:
📱 (916) 705-2557
📧 [email protected]
🌐 amydebuskhomeloans.com
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🕒 Timecodes for Easy Navigation:
0:00 – Introduction
0:14 – Meet Amy DeBusk, First-Time Homebuyer Specialist
0:28 – Who Can Offer CalHFA Loans?
0:40 – What Does CalHFA Offer?
1:01 – MyHome Down Payment Assistance Explained
1:30 – Loan Repayment and Interest Details
1:45 – Minimum Credit Score Requirements
2:15 – Higher Debt-to-Income Ratios for Conventional Loans
2:34 – How to Learn More and Get Started
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