First-Time Homebuyer Deed of Trust - Calhome Program is a legal document that was released by the California Department of Housing & Community Development - a government authority operating within California.
Q: What is the Calhome Program?
A: The Calhome Program is a first-time homebuyer program in California.
Q: What is a Deed of Trust?
A: A Deed of Trust is a legal document that secures a loan with a property.
Q: Who is eligible for the Calhome Program?
A: First-time homebuyers in California who meet certain income and credit requirements are eligible for the Calhome Program.
Q: How does the Calhome Program help first-time homebuyers?
A: The Calhome Program provides low-interest loans and down payment assistance to eligible first-time homebuyers in California.
Q: What are the benefits of the Calhome Program?
A: The Calhome Program offers affordable financing options and helps first-time homebuyers overcome financial barriers to homeownership.
Q: How can I apply for the Calhome Program?
A: You can apply for the Calhome Program through participating lenders or housing counseling agencies in California.
Q: Are there any restrictions on the property I can purchase with the Calhome Program?
A: The Calhome Program has certain requirements for the property, including being located in California and meeting certain value limits.
Q: Can I use the Calhome Program for a second home or investment property?
A: No, the Calhome Program is specifically for first-time homebuyers and primary residences.
Q: What happens if I sell my home before the Calhome loan is paid off?
A: If you sell your home before the Calhome loan is paid off, you may be required to pay back a portion or all of the remaining loan balance.
Q: What is the purpose of the Deed of Trust in the Calhome Program?
A: The Deed of Trust is used to secure the Calhome loan with the property and protect the lender's interests.
Form Details:
Download a printable version of the form by clicking the link below or browse more documents and templates provided by the California Department of Housing & Community Development.