True Zero Dollar Down Payment Program

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Calhfa is no more FAKE program.

No down payment needed and no money needed for the closing cost. CALHFA provide 3 loans . Second and third loan have no payment. You make payment only on the first loan.

We can do either FHA or conventional. Income limit in CA is $150,000. So the programs does qualify lot of first time buyer. All you need 640 credit score. DTI is 45% which is standard for any loan in the market. 3rd CALHFA loan which is called ZIP - zero interest program allows 3% or 4% free money to be used toward closing cost.

You have to pay back the 2nd and 3rd loan only when you sell the home or refinance you loans.

For example , if the purchase price is $400,000, First loan will be $386,000

Second loan $14,000 - no payment

Third loan for the closing cost 3% of the first loan will be $11,580 or it could be 4% of the first loan amount for the closing cost which will be $15,440.

Interest rate for the first loan with 3% zip is lower than 4% zip.

You can use zip and seller cre...

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