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.)

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...

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

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

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

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

We don't have any overlays about DACA, so just use whatever qualifications you'd usually use for Fannie/Freddie.

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.

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

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.

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

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.

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.

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";} Certainly. CalHFA is prohibited from offering refinances, but you should be able to work through virtually any other bank  More...

CalHFA's EIN is Tax ID# 68-0181576.

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

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...

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";} Income generally includes wages, salaries, commissions and tips; assets business income; assistance support (alimony,  More...

Normal 0 MicrosoftInternetExplorer4 st1\:*{behavior:url(#ieooui) } /* 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";} CalHFA homebuyers must use our dedicated CalHFA Homebuyer Education, available online 24 h  More...

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

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...

CalHFA doesn't have any citizenship overlays, so it's up to the lender and their FHA or Conventional underwriting guidelines.