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CalHFA Homeowners
Lenders/Realtors/Nonprofits
Can CALHFA 2nd and 3rd liens be subordinated if the borrower wants to refinance their first mortgage?
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KBID
622
Date Created:
1/31/2020
Date Modified:
1/31/2020
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As of July 1, 2019, CalHFA does not subordinate the seconds or thirds unless it is a loss mitigation situation.
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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Can CALHFA 2nd and 3rd liens be subordinated if the borrower wants to refinance their first mortgage?
https://www.fuzeqna.com/calhfa/ext/kbdetail.aspx?kbid=622
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