Affordable Housing Partnership Program for the First Time Home Buyers in California
Page 23) Must satisfy the credit, loan, and income requirements that are set by CalHFA and the mortgage insurer
This video is essential for every first time home buyer and it's a great
refresher even if you've purchased a home before. |
|
4) Must be willing and able to live in the AHPP-financed home until the end of the loan or until the house is refinanced or sold.
5) Must undergo a home buyer counseling program and must a have a certificate to verify it.
6) If the borrower is not a first time home buyer, he should be a veteran or a someone who is trying to acquire a home at a federally designated targeted area.
After which, if you are still interested in availing of the Affordable Housing Partnership Program, you will have to make sure that your chosen property will meet the following eligibility criteria:
1) The home should be located in the State of California.
2) The home should become your primary residence.
3) The actual price of the home should be well within the limits set by CalHFA.
4) The size of the property should not exceed 5 acres.
5) The home must be categorized as a single family residence.
6) Depending on the mortgage insurer, the home can also be a condominium or a unit in a planned unit development.
If you wish to know more about the Affordable Housing Partnership Program, you can check out http://www.calhfa.ca.gov/homebuyer/programs/ahpp.htm.
Affordable Housing Partnership Program for the First Time Home Buyers in California
Back to Page 1
About The Author
Iola Bonggay is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs.
She also maintains Websites providing resources on home improvement grants and community grants.
|
Additional Government Grants Resources
College scholarships for adultsIf you are an adult returning to get your college degree, you know that it can be expensive. Whether you are commuting to classes or doing an Online college degree, the tuition is about the same. Pa...
Basic Research on HIV Persistence ProgramIn keeping with this mission, the National Institutes of Health has recently constituted the establishment of the Basic Research on HIV Persistence Program in an attempt to increase our understanding of the persistence of HIV-1 infections in patients under highly active anti-retroviral therapy (HAART).
Small Business Administration's Portable Assistance ProgramThe Small Business Administration has established the Portable Assistance Program wherein they seek to provide grants to Small Business Development Lead Centers that provide services to small businesses in an effort to increase the success of small business establishments and their viability in certain communities where economic hardship is apparent and is attributable to the impact of a major disaster.
Laura Bush 21st Century Librarian ProgramThe Laura Bush 21st Century Librarian Program revolves around improving then country's information infrastructure through the utilization of funding projects that are designed to address the education and training needs of certain professionals who help build, maintain and provide the public with immediate access to some of the world's vast and wide-ranging information systems and resources.
Katrina Cash Crisis ContinuesThe need to continue giving aid to the victims of Hurricane Katrina must remain a priority ... It's now months after the American Gulf Coast was devastated. Billions have been spent in relief, but bi...
Cancer Education Grants ProgramThe Cancer Education Grants Program has been existent since the year 1994 and has long been providing support to innovative cancer education grants program that aim to translate the knowledge obtain from the research studies into actual public health applications.
Early-Stage Innovative Technology Development for Cancer Research ProgramThe National Institutes of Health has collaborated with the National Cancer Institute(NCI) in order to establish Early-Stage Innovative Technology Development for Cancer Research Program, wherein both agencies intend to solicit grant applications expressing intents to conduct funded exploratory research projects that concentrate on the inception and development unique, innovative technological advances that could potentially be utilized in the study of cancer.