Help For Teachers To Buy Homes In California

The California Housing Finance Agency recently announced they were bringing back the Extra Credit Teacher Home Purchase Program to help teachers, administrators , and others who work in schools to get down payment assistance.

Extra Credit Teacher Home Purchase Program (ECTP)
ECTP is a deferred payment, forgivable interest subordinate loan for eligible teachers,
administrators, classified employees and staff members working in high priority schools (API
ranks 1-5), county schools or continuation schools throughout California. ECTP can only be
used for down payment assistance with an eligible CalHFA first mortgage loan.

For complete details and underwriting guidelines, please refer to CalHFA Program Handbooks
published on CalHFA’s web site. http://www.calhfa.ca.gov.
For questions about this bulletin, contact CalHFA Single Family Lending division by phone
916.326.8033; by fax 916.324.6424; by email at SFPrograms@calhfa.ca.gov. You can always visit
CalHFA’s web site at: http://www.calhfa.ca.gov or Single Family Lending division directly at
http://www.calhfa.ca.gov/homeownership.

See the bulletin at:  http://www.calhfa.ca.gov/homeownership/bulletins/2013/2013-09.pdf

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