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CalHFA Homeowners
First-Time Homebuyers
Lenders/Realtors/Nonprofits
How can I find out if the down payment assistance for our borrowers can be forgiven?
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KBID
549
Date Created:
10/25/2016
Date Modified:
10/25/2016
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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
CalHFA does not lend money directly to consumers. CalHFA works through and uses approved private lenders to qualify consumers and to make all mortgage loans. CalHFA purchases closed loans that meet CalHFA's requirements. The fees consumers pay could be different depending on the lender and the program.
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How can I find out if the down payment assistance for our borrowers can be forgiven?
https://www.fuzeqna.com/calhfa/ext/kbdetail.aspx?kbid=549
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Son's middle name
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Pet's name
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On what street did you grow up?
What is your mother's maiden name?
What was your high school mascot?
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