CalHFA loan Good Idea?

[Nancy Lucca]

In California, is a Cal HFA loan a good idea? They pay your down payment for you and closing costs and then whenever you sell or refinance the house you pay them back, on the back end. Interest rates can be 0-2% and u can pay it back any time. My friend bought a house that way and he’s pretty happy with it. Just wondering down the road if there’s any unforeseen problems with doing that. It can’t be that bad if it gets you out of renting right?