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Program Helps Californians With Down Payment, Closing Costs
CalHFA launches assistance program for first-time homebuyers
Oct. 22, 2015
By MARK GLOVERThe Sacramento Bee - Tribune News Service
The Sacramento-based California Housing Finance Agency said Monday that it has launched the "MyHome Assistance Program" for first-time homebuyers who may need help with down payment or closing costs when purchasing a home.
Officials said prospective homebuyers can receive up to five percent in assistance, low interest rates and deferred payments through MyHome.
The program is available to first-time, employed buyers with good credit, and can be combined with all CalHFA first mortgage programs and the Mortgage Credit Certificate program, which provides a federal income tax credit.