CHDAPCalifornia Homebuyers Downpayment Assistance Program
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This can have a huge blow to home buyers that were relying on CHDAP.
CHDAP provides down payment assistance to first-time homebuyers, enabling them to take advantage of 100 percent financing.
The CHDAP is available to first-time homebuyers throughout California who plan to owner-occupy the purchased home and whose family income does not exceed CHFA-published CHDAP moderate-income limits.
The CHDAP is a deferred payment junior loan has a term not to exceed the term of the first loan.