- Loan Programs
- Truth in Lending
Sample Annual Percentage Rates (APRs)
CalHFA does not lend money directly to consumers. CalHFA works through and uses approved private lenders to qualify consumers and to make all mortgage loans. CalHFA purchases closed loans that meet CalHFA's requirements. The fees consumers pay could be different depending on the lender and the program.
The information used is for illustrative purposes only.
Sample Annual Percentage Rates (APRs): CalHFA First Mortgage Loans
| Interest Rate | 4.750% | 5.00% | 5.25% |
|---|---|---|---|
| Loan Amount | $350,000 | $350,000 | $350,000 |
| Loan Term | 30 yr (360 months) | 30 yr (360 months) | 30 yr (360 months) |
| Monthly loan payment* | $1,825.77 | $1,878.88 | $1,932.71 |
| APR | 5.0157% | 5.2697% | 5.538% |
| Interest Rate | 4.750% | 5.00% | 5.25% |
|---|---|---|---|
| Loan Amount | $450,000 | $450,000 | $450,000 |
| Loan Term | 30 yr (360 months) | 30 yr (360 months) | 30 yr (360 months) |
| Monthly loan payment* | $2,347.41 | $2,415.70 | $2,484.92 |
| APR | 5.0157% | 5.2697% | 5.5238% |
Interest rates and APRs are for comparisons only. Sample APRs include typical finance charges, such as lender fees and other charges paid to get the loan. For these illustrative purposes only, the total financed charges is assumed to be 3%. They do not reflect any specific loan terms from any specific lender. APRs quoted by approved CalHFA lenders may vary.
*Loan payment excludes monthly escrow amounts
Sample Annual Percentage Rates (APRs): Down Payment Assistance Loans
| Program | MyHome | ZIP | Forgivable Equity Builder Loan |
|---|---|---|---|
| Interest Rate | 2.500% | 0.00% | 0.000% |
| Loan Amount | $10,000 | $10,500 | $30,000 |
| Loan Term | 30 yr (360 months) | 30 yr (360 months) | Forgivable in 5 years |
| Monthly loan payment | $0.00 | $0.00 | $0.00 |
| Amount Due at Maturity (30 yrs) | $17,500 | $10,500 | n/a |
| APR | 1.8668% | n/a | n/a |
This sample is for illustrative purposes only. It does not reflect any specific loan's terms.
4/2022
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ONLINE: eHome's eight-hour Homebuyer Education and Counseling course is the only online course accepted by CalHFA. (fee: $99) Other online courses like Frameworks are not acceptable because they do not provide a one-hour, 1-on-1 counseling follow-up session.
IN-PERSON or VIRTUAL: Live Homebuyer Education and Counseling in-person or virtually though NeighborWorks America or any HUD-Approved Housing Counseling Agency
Call Toll Free 877.9.CalHFA (877.922.5432)
