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[15]: 1 [16] In 2023, housing affordability in California reached a 16-year low, with only about 16% of homebuyers able to purchase a median-priced single-family home, as per data from the California Association of Realtors. In San Mateo and Santa Clara counties, buyers would require a minimum income of $504,400 and $451,200, respectively, to ...
California has put its down payment assistance program for first-time home buyers on hold, having committed all $300 million in just a few weeks. It's not clear when new loans will be available.
For help finding a counselor certified by the federal Department of Housing and Urban Development, call (800) 569-4287. You may also get help from the company servicing your mortgage.
The California Department of Housing and Community Development (HCD) Housing Assistance Program (HAP) acts as the local housing authority for 12 rural counties: Alpine, Amador, Calaveras, Colusa, Glenn, Inyo, Modoc, Mono, Sierra, Siskiyou, Trinity, and Tuolumne. Some other examples of local and area housing authorities include the:
Qualifying applicants could be selected to receive help from California’s pot of $220 million. California to give more new homebuyers down payment help. Your luck — and parents — matter
The California Housing Finance Agency (CalHFA), established in 1975, is an independent California state agency within the California Department of Housing and Community Development that makes low-rate housing loans through the sale of taxable and tax exempt bonds. [2] [3]
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