Downpayment Assistance Program (CHDAP)
We had some new changes to the mortgage loan that Prospect offers California Homebuyer’s Downpayment Assistance Program (CHDAP) The CHDAP provides a deferred-payment junior loan – up to 3% of the purchase price, or appraised value, whichever is less, to be used for their down payment and/or closing costs. This …
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