With CHF Access financing Homeownership may be just around the corner. The CHF Access program provides 99.5% fixed rate financing by blending a 96.5% FHA first mortgage with a 3% CHF Access second. This program is limited to a primary residence but is not limited to only first time buyers.

• Just .05% (1/2%) minimum down payment.
• Down payment can be gifted from family member.
• No Prepayment penalty on 1st or 2nd mortgage.
• Not limited to first-time homebuyers.
• Eligible 2 years after a bankruptcy and 3 years after foreclosure.
• On-line homebuyer education required.
• Seller may contribute up to 6% towards buyer closing costs.
• Income limit of $66,840 in Shasta County.
• Use on FHA approved SFR, Condo, Manufactured Homes.
• Purchase price up to $417,000

Combine the CHF Access program with the proposed first-time homebuyer or move-up homebuyer tax credit being considered by congress and a purchase could look something like this;

• Purchase price $150,000
• Down payment $750 which can be gifted from family member.
• Seller contribution up to $9,000 towards your closing costs.
• First Mortgage of $144,750
• Second Mortgage of $4,500
• Refundable Tax Credit(Proposed, $8,000 first-time buyers, $6,500 for move-up buyers.)