On March 27, 2023 CalHFA will make the CA Dream for All Shared Appreciation Loan Program available to approved lenders.

Download the Digitial Mortgage Broker Mobile App in Google Play to learn more about down payment assistance programs.

https://bit.ly/40Bb5es

Fannie Mae Area Median Income Lookup Tool

https://ami-lookup-tool.fanniemae.com/amilookuptool

80% AMI divided income limit by 12

Calculate DTI = 45% of AMI income limits

Example $58,320 /12= $4,860 X 0.45 = $2,187 must include interest + principle + property taxes and PMI

Determines borrower's Capacity ability to make interest and principal repayments on a loan, using his or her disposable income or cash flow.

Disclaimer

The CA Dream for all Shared Appreciation program guidelines hasn't been released to our Lender for approval. This podcast is for informational and educational purposes and is not endorsed by CalHFA.

MKG Enterprises Corp Mortgage Broker NLMS 1370394

Equal Opportunity Lender

web: https://mkgenterprisescorp.com

Office (559) 337-5990