CALHFA teacher loans

[Leenie Fo]

Has anyone gotten one of theses? I heard they have a program where they give you a silent second & third loan to cover down payment (3% simple interest) and closing costs at (0% interest). It's only payable when you pay it off or refi. It's my understanding that you can get a HELOC in the future if you want to pull equity out to buy another property. Is this a smart decision if we can find a property to house hack? Thanks!!