CHDAP: Buying $400,000 Home with $2,000 Out of Pocket; 1/2% Down
We just approved two buyers this week for our CHDAP (California Homebuyers Down Payment Assistance Program), and it reminded us to blog about the program.
CHDAP allows buyers to purchase a home with only 1/2% of the purchase price for a down payment. CHDAP Buyers can purchase a $400,000 home with as little as $2,000 out of pocket, if they use lender and seller credits to cover closing costs.
CHDAP is not just for first time buyers. Any buyers can take advantage of it.
There are some income limitations, but CDHAP is not our only Down Payment Assistance Program. Please contact us for more details.
Founder/Broker | JVM Lending
(855) 855-4491 | DRE# 01524255, NMLS# 335646