Saturday, March 8, 2008

CalHFA, Other Agencies Can Help First Time Home Buyers

CalHFA is a state agency that provides low interest financing and programs that create affordable housing opportunities for individuals within specified income ranges. In Santa Clara County, first-time homebuyers can qualify for a loan as long as they earn no more than $118,704 for a one-or two-person household or a maximum of $136,510 for a family of three or more. Re-sale homes cannot exceed $673,953 and new homes $595,086.

Besides CalHFA, California Housing Finance Agency at, Neighborhood Housing Services at or South County Housing at also have programs that can also help first time home buyers.

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