Normal 0 false false false MicrosoftInternetExplorer4 CalHFA currently offers several first mortgages and down payment assistance programs. For detailed information on these programs, please visit our Program Descriptions page: http://calhfa.ca.gov/homebuyer/programs/index.htm

CalHFA does not re-subordinate junior loans except in a loss mitigation situation (imminent default, default, etc.)

CalHFA does not have overlays for citizenship--check with a loan officer, who should follow federal and Government-Sponsored Enterprise guidelines.

Please visit https://camortgagerelief.org/ for more information on the California Mortgage Relief program. In the meantime, if you need immediate assistance, please reach out to your mortgage servicer, contact a HUD-certified housing counselor at 1-800-569-4287 or visit the State's Housing Is Key (ca.gov) website to find information on other resources currently offered.

Normal 0 MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman";} Yes, we recently added the ability to use a limited 203k to our offerings. You can find more info here: http://www.calhf  More...

Please visit https://camortgagerelief.org/ for more information on the California Mortgage Relief program. In the meantime, if you need immediate assistance, please reach out to your mortgage servicer, contact a HUD-certified housing counselor at 1-800-569-4287 or visit the State's Housing Is Key (ca.gov) website to find information on other resources currently offered.

A first-time homebuyer is someone who has not lived in *and* been on title of a primary residence in the past three years. If you've been renting for the past three years, and previously owned a home, then you're considered a first-time homebuyer.

CalHFA down payment loans cannot be forgiven, although they can be subordinated in certain refinance cases. Here's the info on subordinations: http://www.calhfa.ca.gov/homeownership/programs/subordination.pdf

You can find information on becoming a listing agent or performing BPOs for CalHFA properties here: http://www.calhfa.ca.gov/homeownership/brokers.htm

The home mortgage market can change quickly, so the homebuyer education certificate is good for one year.

As of 2019, CalHFA does not require tax returns, transcripts or affidavits with loan submissions.

The legislature has allocated new funding for the program for 2026, and we anticipate the program portal opening in the winter. Please check back after the New Year for updates. If you'd rather not wait, we offer several loan programs for first-time homebuyers. I’d suggest you chat with one of our Preferred Loan Officers—if you’re interested in buying your first home, they’ll get you started right. Here’s our list, searchable by county: https://welcomehome.calhf  More...

CalHFA currently does not use bonds for financing its first mortgage programs, and you can combine our mortgage programs with MCCs from other sources.

Unfortunately, no. People can only go on title if they're also on the loan.

For CalHFA loans, everyone on title must be on the loan, and everyone on the loan must be on title. A non-borrowing spouse would not be allowed on title.

We require that our down payment assistance programs be used with a CalHFA first, so unfortunately a HomePath loan would not work.

The best solution is to take a look at our CalEEM + Grant program, which combines a normal EEM with an additional 4% grant for energy upgrades. You can use our MyHome Assistance Program or School Program with this loan. Here's all the details. http://calhfa.ca.gov/homebuyer/programs/eem.htm​

CalHFA uses lender qualifying income for income purposes, so use those guidelines.

None of the borrowers, aka occupying cosigners, can own other property at time of loan closing on a CalHFA conventional loan.

Kyle, See the refinance rules, here: https://www.calhfa.ca.gov/homeownership/programs/policy-resubordination-cadfa.pdf Borrower must have made at least 12 consecutive on-time payments. Eric Johnson California Housing Finance Agency 877.9.CalHFA (877.922.5432)

Normal 0 MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman";} To become a Preferred Loan Officer and begin receiving CalHFA leads, the loan officer must close a minimum number of loan  More...

You can always see what day the underwriters are working on in the left sidebar here: http://www.calhfa.ca.gov/homeownership/index.htm You can also check the status of your loan in our Mortgage Access System: https://mortgageaccess.calhfa.ca.gov/UserAccount/Home Incomplete or inaccurate file submissions are set aside until the file is right. You can save you and your client lots of stress by double-checking your file before you submit it. Once the additional conditions are submitted and the loan  More...

**Please note the ADU Grant program has distributed all its funds as of 12/9/22 and is no longer accepting applications.**

Unfortunately, CalHFA cannot do loans on ground subleases--the borrower must own the building and the ground.

If they lived together in the home, then she is not considered a first-time homebuyer. Due to California's community property laws, she is still seen as having received some of the benefits via the mortgage interest tax deduction.