Heather, a single mother, is able to get down payment assistance as well as a below market rate of interest on her mortgage. What type of mortgage did she receive?

CalVET loans are specifically for eligible veterans and their families, offering favorable terms but not necessarily both down payment assistance and below-market rates for general homebuyers like Heather.

VA-guaranteed loans are exclusively for eligible veterans, active-duty service members, and certain surviving spouses, with benefits like no down payment requirement, but not specifically designed for single mothers like Heather.

CalHFA provides down payment assistance programs but typically works in conjunction with first mortgage programs rather than offering below-market rates directly through their own lending programs.