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State of California Down Payment Assistance
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Down Payment Assistance
Available For Homes Located in The
Palmdale/Lancaster Area!! - Total Move-In Cost as low as $1,800*
- Choose From Over 410 Properties Priced at $95k-$325k
- 3, 4, & 5 Bedroom Homes Available
Call 661-860-4577 to Apply Today & More Details or
Click Here to Have a Free List of
Qualifying Properties E-Mailed To You California Homebuyer's Downpayment Assistance Program (CHDAP) The CHDAP offers down payment assistance for first-time homebuyers who meet specified moderate income limits. How The Program Works The CHDAP provides a deferred-payment junior loan – up to 3% of the purchase price, or appraised value, whichever is less – to qualified borrowers to be used for their down payment or closing costs. This junior loan may be combined with a CalHFA or non-CalHFA first mortgage loan. Requirements Details and Reference Sources First-Time Homebuyer: | Borrower must be a first-time homebuyer purchasing a primary residence intended for owner-occupancy. A borrower is considered a first-time homebuyer if they have not owned and occupied a home in the past three (3) years. |
Income Limits:
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Contact RENWICK PROPERTIES for moderate income limits established for the county in which the borrower is purchasing.
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Sales Price Limits:
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Contact RENWICK PROPERTIES for published sales price limits for the county in which the property is located.
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Citizenship:
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Be a U.S. citizen, permanent resident alien or other qualified alien, if using in conjunction with a CalHFA first mortgage.
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| | | Homebuyer Education: | Homebuyer education is required for all borrowers using this program. |
Presented By Renwick Gray/Renwick Properties-Lic #01200081
Featured properties may not be listed by the office/agent presenting this brochure
**Payment based on FHA 30 Fixed rate loan tax and insurance included-Annual Percentage rate
of 5.8654% rates subject to change. Total move-in cost are based on buyer receiving 3% Down payment assistance and the seller paying the buyers closing cost |
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