Assistance

Housing Action Resource Trust (HART), is a California 501 (c) (3) non-profit housing development corporation and is located in the City of Rancho Cucamonga. The specific purpose of HART is to work with local jurisdictions and communities to develop and provide, in one physical location, all of the services and training that customers need to shop for, purchase, rehabilitate, insure, maintain and manage a home. This location would be the HART HomeOwnership Center.

HART manual (pdf)

ACCESS for 2001/2002 has been improved, with a 6%-sized Second Loan and increased income limits for existing ACCESS-eligible counties. ACCESS 2001 has been enhanced to include the following expanded Loan Parameters:
ACCESS 2001 FHA County Income limits have been substantially raised, especially in low-cost counties. New counties added in California and Nevada

Loans for which the Loan applicants have no FICO score or a FICO score of 600 or less will no longer be subject to extended indemnification to First Nationwide. A refinancing of an existing ACCESS Loan is now available. Loans involving non-occupant co-signors are now eligible.

Visit the ACCESS 2001/2002 Website.

ACCESS manual (pdf)

CHFA or ‘CHAFA" as it is sometimes known, is operated by the California Housing Finance Authority. It is designed to provide up to 100% of home loan financing to prospective eligible first-time homebuyers. It generally consists of a standard 97% EHA - CHFA fixed-rate 30-year mortgage and a 3% CHFA down payment assistance second mortgage, which is also called a "sleeping" or "silent" second. The second mortgage is offered for 30 years at 3% simple interest. All payments are deferred on this second mortgage until one of the following happens: the CHAFA first mortgage becomes due and payable; the first mortgage is paid in full or refinanced; or, the property is sold.

Visit CHFA website

CHFA manual (pdf)

Nehemiah will gift up to 3% of the final sales price to a qualified Nehemiah buyer for down payment and closing costs. Nehemiah is a private California non-profit housing corporation. Nehemiah is not a government program. The Nehemiah Program gifts money to qualified buyers to purchase Nehemiah properties throughout the United States. Nehemiah will gift up to 3% of the final sales price to a qualified Nehemiah buyer for down payment and closing costs. Before a Nehemiah transaction is scheduled to record, Nehemiah delivers the participating buyer’s 3% gift money taken from a pre-existing pool of funds and delivers it to the closing company. The seller makes a contribution only after the successful close. Nehemiah is using its own money from a pre-existing trust fund.

Visit the Nehemiah website

Nehemiah Manual (pdf)

CalSTRS has competitive loan rates on a variety of mortgage loan programs:

- CalSTRS Conventional 30-15 year Fixed Rate Program

- CalSTRS No Points, No Fees Program

- CalSTRS/CaHLIF Zero Down Preferred Program

All program interest rates are set by CalSTRS

Highly experienced Correspondent Lenders with program participants. A free 60-day interest rate lock upon application submittal and two "float down" options if interest rates fall. Availability of purchase or refinance plans Income derived from mortgage payments goes directly into the Teachers' Retirement Fund.

Visit the CalSTRS website

CalSTRS Summary (pdf)

USDA Rural Development's Guaranteed Rural Housing (GRH) Program is designed to meet the needs of rural home buyers who have the necessary income and credit history required to qualify for a conventional mortgage, but not the down payment. The GRH program encourages lenders to provide financing to qualifying home buyers by reducing the amount of risk involved for the lender.

Visit the USDA website

USDA-GRH Manual (pdf)

The Homebuyer Assistance Program (HAP) of the City of Moreno Valley is designed to provide financial assistance to low and moderate income families for home purchases. Assistance is in the form of a deferred-payment loan and may be proved for the down payment and/or closing cost associated with the home purchase.

Visit the Moreno Valley website

Moreno Valley HAP manual (pdf)

A Mortgage Credit Certificate (MCC) or MAPP as it is sometimes known, entitles qualified first time buyers to a federal income tax credit on a percentage of the interest paid on the primary mortgage. this tax credit allows the buyer to qualify more easily for a loan by increasing the effective income of the buyer. The Riverside County MCC Program provides for a fifteen percent (15%) rate which can be applied to the interest on the mortgage loan.

Visit the Riverside website

Riverside MCC Manual (pdf)

The Homeownership Assistance Program (HAP) for San Bernardino County provides financial assistance to eligible household for the purchase of a home. Home funds may be used for GAP financing, down payment and/or closing costs. The assistance is in the form of a deferred loan (Silent Second) and will be secured by a second trust deed.

Visit the San Bernardino HAP website

San Bernardino HAP manual (pdf)

The First Time Homebuyer Assistance Program (FTHB) of the City of Riverside is designed to provide financial assistance to low and moderate income families for home purchases. Assistance is in the form of a deferred-payment loan and may be proved for the down payment and/or closing cost associated with the home purchase.

Visit the Riverside website

Riverside manual (pdf)

The Downpayment Assistance Program (DAP) of the City of Hemet is designed to provide financial assistance to low and moderate income families for home purchases. Assistance is in the form of a deferred-payment loan and may be proved for the down payment and/or closing cost associated with the home purchase.

Visit the Hemet website

Hemet Manual (pdf)

The Homebuyers Assistance Program (HAP) for the City of Fontana makes available a limited number of deferred payment (principal and interest) second mortgages, in amounts up to 10 percent of the purchase price. This program is designed to provide financial assistance to qualified low to moderate income families, a bridge for the gap between the mortgage amount a first - time home buyer can qualify for and the actual purchase price of a single family detached home in Fontana.

Visit the Fontana website

Fontana Hap Summary (pdf)

The Homebuyer Assistance Program (HAP) of the City of Temecula is designed to provide financial assistance to low and moderate income families for home purchases. Assistance is in the form of a deferred-payment loan and may be proved for the down payment and/or closing cost associated with the home purchase.

Visit the Temecula website

The Homebuyer Assistance Program (HAP) of the City of Upland is designed to provide financial assistance to low and moderate income families for home purchases. Assistance is in the form of a deferred-payment loan and may be proved for the down payment and/or closing cost associated with the home purchase.

Visit the Upland website

The Homebuyer Assistance Program (HAP) of the City of Corona is designed to provide financial assistance to low and moderate income families for home purchases. Assistance is in the form of a deferred-payment loan and may be proved for the down payment and/or closing cost associated with the home purchase.

Visit the Corona website

The Homebuyer Assistance Program (HAP) of the City of Perris is designed to provide financial assistance to low and moderate income families for home purchases. Assistance is in the form of a deferred-payment loan and may be proved for the down payment and/or closing cost associated with the home purchase.

Visit the Perris website

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