CalPlus Conventional vs CalPlus FHA?






Calplus Conventional Vs Calplus Fha
Calplus Conventional Vs Calplus Fha

CalPlus Conventional vs CalPlus FHA?

Watch short clip below to find out...


CalPLUS FHA is an FHA-insured FHA first mortgage. It has a slightly higher 30-year fixed interest rate than our standard FHA program and is combined with CalHFA Zero Interest Program ZIP for closing costs.


You can review the sections below for more information about CalPLUS FHA.

CalPLUS FHA program

Program Eligibility

To determine whether you are eligible for the CalPLUS Conventional, please review the guidelines for Borrower as well as Property Requirements.

Borrower Requirements

  • You must live on the property as your primary residence. Non-occupant co-borrowers are prohibited.
  • CalHFA borrowers need to complete homebuyer education counseling. They also need to obtain a certificate from an eligible homebuyer counseling agency.
  • This program must meet CalHFA Income Limits

*The lender must adhere to the stricter guidelines in the event of conflicting guidelines.

Property Requirements

  • You can be a single-family residence with one unit, and include approved condominium/PUDs
    • In-law quarters, granny units, and guest houses may be eligible
  • Manufactured housing permits are allowed
  • Condominiums need to meet the guidelines for the first mortgage

*In the event of conflicting guidelines, the lender must adhere to the stricter.

CalPLUS FHA program

CalHFA Programs California






CalHFA 

CalPlus FHA and CalPlus Conventional Interest Rate

What's the interest rate?
Your financial situation, lender fees, among other factors, will affect the interest rates you pay. Rates can change daily. To get a precise rate quote, we recommend you speak with Jason Whigham a who specializes in CalHFA products

CalHFA doesn't lend money directly to customers. CalHFA uses approved lenders to help consumers qualify and make mortgage loans. The fees that you pay may vary depending on which lender or program you are using. See an example of Annual Percentage Rates (APRs).

CalPLUS FHA program

Homebuyer Education Requirement

CalHFA believes that homebuyer counseling and education are crucial to homeowner success. It requires first-time homebuyers to receive homebuyer counseling through a CalHFA program.

Who must take this Homebuyer Education & Counseling course?

Only one can be a first-time borrower for each loan transaction.

How can I enroll in this counseling and education course?

 

CalPLUS FHA program

How to Apply 

How can I apply for the CalPlus Conventional or FHA loan program?

CalHFA is not an agent lender. Our mortgage products are provided by private loan officers who have been trained and approved by our Agency. These loan officers are available to help you learn more about CalHFA's programs and guide you through your home-buying process.

To contact a loan officer near you, visit the Find A Loan Officer tab.

What documents do I need to have with me when I contact Jason Whigham my loan officer in California?
This list of documents and information can be helpful for answering any questions you might have when you first contact a loan officer.

  • Pay stubs
  • Statements from banks
  • History of employment
  • Tax returns from the past


other DPA resources...
https://my-downpaymentassistance.business.site/posts/2255345627386961860
https://my-downpaymentassistance.business.site/posts/9150857334349753534
https://my-downpaymentassistance.business.site/posts/5836995406619350011

Roseville
Citrus Heights, Antelope, Rocklin, Sabre City, Whitney, Orangevale, Foothill Farms, North Highlands, Granite Bay, Hidden Valley, Walerga, Loomis, Fair Oaks, Folsom, Folsom Junction, McClellan Park, Natoma, Gold River, Alder Creek, Nimbus, Penryn, Carmichael, Rio Linda, Lincoln, Elverta, Lakeridge Oaks, Citrus, Riego, Soudan, Lakeshore, Prairie City, Summit Village, Robla, Del Paso Heights, Clayton, Virginiatown, Lake Hills Estates, Marina Village, Counsman, Hidden Valley, Arcade, Town and Country Village, Rancho Cordova, Bombay, Waterford Village, Arden-Arcade, Winterhaven Village, Sankey, Franciscan Village, Ben Ali, Hagginwood, Crown Village, Pleasant Grove, Equestrian Village, Oak Creek Hills, Saint Andrews Village, Gold Hill, Newcastle, Oak Tree Village, Green Valley Acres, Governors Village, El Dorado Hills, Highland Village, Del Paso, Ridgeview Village, Stonegate Village, Oak Ridge Village, La Cresta Village, Arroyo Vista, Mather Field, Manzanita Acres, Ewing, Zee Estates, Swanston, Ophir, Crescent Ridge Village, Park Village, Hickok Ranch, Green Springs Valley, Arden Town, La Riviera, Mayhew, North Sacramento, White Rock, Springfield Meadows, Gardenland, Green Springs Ranch, Clarksville, Manlove, Rosemont, Elvas, Catlett, Auburn, Malby Crossing, Kilaga Springs, Perkins, Marble Mountain, Ramona, Walsh Station, Brighton
38.75212-121.28801

GET APPROVED / PRE-APPROVAL LETTER

QUESTIONS:

Call Customer Service: 916-413-3967
Mon-Fri 8:00 AM – 6:00 PM PST
Sat 9:00 AM – 12:00 PM

Mortgage Brokers for CA First-Time Homebuyers

Team Whigham serves all of California, including Sacramento, Roseville, Folsom, El Dorado Hills, Rocklin, Davis, Granite Bay, Loomis, Auburn, El Dorado, Placer County, El Dorado County, Sacramento County, and surrounding areas. ʼ

Northern and Southern California First-Time Homebuyer Programs

 

  • First Time Home Buyer California
  • Down Payment Assistance In California

© 2023 Brought to you by Jason Whigham - Barrett Financial L.L.C. Loan Officer In Sacramento CA - NMLS# 1448396
Privacy Policy | Terms of Use | Accessibility Disclaimer
 

California Areas Serviced

Call My-Down Payment Assistance 916-413-3967 - Team Whigham service all of Northern California and Southern California! Some areas included are: Sacramento | Natomas | Rosemont | Galt | New Castle | La Riviera | Rancho Cordova | Cameron Park | Fabulous Forties | Florin | Foothill Farms | Orangevale | Rio Linda | Elverta | Citrus Heights | Folsom | El Dorado Hills | Carmichael | Roseville | Lincoln | Loomis | Lodi | Antelope | Auburn | Granite BayWest Roseville | Sun City Lincoln | Sun City Roseville | Auburn | Penryn | Gold River | Land Park | East Sacramento | Elk Grove| Pocket Area | Davis | Woodland | Contra Costa County | San Francisco County | Antelope | San Diego County |  Alameda County | Yuba City | Ione CA | Jackson CA | North Highlands | Los Angeles County| Orange County | Long Beach | Los Angeles County | Placer County | El Dorado County | Amador County | San Diego County | San Bernardino County | Orange County | Alameda County | Sacramento County and many more in the Northern California and Southern California area.

Jason Whigham | NMLS #1448396 | Barrett Financial Group, L.L.C. | NMLS #181106 | 2314 S Val Vista Dr, Suite 201, Gilbert, AZ 85295 | CA 60DBO-46052 & 41DBO-148702 Licensed by Dept. of Financial Protection & Innovation under the California Residential Mortgage Lending Act. Loans made or arranged pursuant to a California Financing Law License | Equal Housing Opportunity | This is not a commitment to lend. All loans are subject to credit approval. | nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/181106
Skip to content