Most people borrow the large amount of money they need to buy a home. This type of borrowing is called a first mortgage loan. There are also mortgage loans that can help out with down payment or closing costs, called junior loans. CalHFA has first and junior loan options for low to moderate income families, including low to zero interest rate down payment assistance loans.
We do his by identifying areas where homeowners may be losing net income unknowingly and unnecessarily and developing a strategy to reduce or eliminate those losses.