Did the housing market trip you up?
Buying a home in California through a California Housing Finance Agency, aka CalHFA, assistance program? Not so fast! The real estate and mortgage industry suffered yet another blow this past Friday.
Due to the nature of the unsettled California budget, or lack of, CalHFA had no other option but to suspend their programs.
The Rest of the Story....
The good news...any loan in their system through Friday, December 19th, will be honored. After that, the program is at a standstill.
Remember FHA allows gift money.....so if you are thinking about buying a home....you know what to ask for this Christmas!
One more bit of useful information....After January 1st the new minimum down payment goes from 3% to 3.5%.
Search for your next home at www.ICanSearchtheMLS.com
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