Industry NewsMortgage

California, FHA offer 4% loans

CalHFA loans target first-time homebuyers who meet income limits
Published on Sep 8, 2010

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by CareyBot

The California Housing Finance Agency is teaming up with the Federal Housing Administration to offer 30-year fixed-rate loans to low- and moderate-income first-time homebuyers at below-market rates.

With mortgage rates already at historic lows, eligible borrowers could lock a CalHFA-FHA loan at around 4 percent.