New Guidelines Increase Home Buying Opportunites

In eight California counties, more homes are eligible and more homebuyers now qualify for special financial assistance, the California Housing Finance Agency (CalHFA) announced today. Here is the Santa Cruz County Market update page

CalHFA’s Homeownership Programs provide affordable housing opportunities by
offering below-market interest rate mortgage loans to low to moderate income first-time
homebuyers. Raising the threshold on home sales prices and increasing income limits
means strengthening the purchasing power for qualified new homebuyers.

The following California counties have increases in both existing resale and new
construction income limits as well as sales price limits:

  • Alameda Contra Costa
  • Marin Napa
  • San Benito San Francisco
  • San Mateo Solano

CalHFA – the State’s affordable housing bank – was chartered 27 years ago to assist
Californians to achieve the dream of safe, affordable and decent housing.