California, FHA offer 4% loans

CalHFA loans target first-time homebuyers who meet income limits

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

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.