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California Only

The CHF program is for borrowers purchasing a primary residence in the state of California that can afford a mortgage payment but do not have the resources for the down payment.

First loan FHA financing up to 96.5% + a second of 3% at a rate of 8.25% over fifteen years= .5% DOWN!

This program also allows seller compensation up to 6% to cover all closing cost!

Eligibility Guidelines

Borrower Eligibility

• Purchase of Owner Occupied Primary Residence Only
• NO 1st Time Homebuyer Requirements
• MAY OWEN OTHER PROPERTIES-must meet FHA requirements

Property Eligibility

• Single Family Residence
• PUD's
• FHA Approved Condos
• Manufactured Homes- Must meet FHA requirements

 Income qualifications

Non Occupying Co-Borrowers- NOT ALLOWED