Scenario CalculatorLoan Scenario Calculator

The Scenario Calculator helps you compare CalHFA loans to determine what loan scenario works best for your client.

File Review Status
Updated 5/21/2018
Loans in line Review Date

Compliance

63 May 18

In Suspense

39 May 18

Post-closing

MyHome/ZIP/School

488 May 11

In Suspense

231 May 11
Suspense Inquiries

For suspense items, refer to our MAS

Files in suspense status will only be reviewed once all suspense items are uploaded into MAS. Files are reviewed in date order and are given a rush review.

Tips for Doc Draw & Closing:

Subordinations

3 May 16

News & Updates

Program Bulletin #2018-08 - 90-Day Rate Lock Option Eliminated

Program Bulletin #2018-07 - Elimination of APN Restriction

Program Bulletin #2018-06 - CalHFA to Purchase Loans Twice Weekly via ACH Transfer

Enews announcements can be found on our Archived Page

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  • cALhfa va: 30-year, fixed rate mortgage for veterans and armed service members. Click for more info.
  • New save energy and money CalEEM + Grant Additional 4% Grant for energy upgrades with a 30year fixed EEM Mortgage. Click for more info.
  • MyHome Assistance Program: Down payment and closing cost help for first-time homebuyers
  • CalPLUS with ZIP: 30-year, fixed rate first mortgage packaged with down payment assistance
  • Tax credits- Mortgage Credit Certificate: Lower your taxes with our federal tax credit program. Click for more info.
  • Grade A+ Extra Credit Teacher Program Extra financial help for staff at California public schools. Click for more info.

TRID Frequently Asked Questions

The following are questions raised by CalHFA lenders. These answers are not legal advice and are only applicable to the delivery of subordinate loans to CalHFA. They may not be appropriate for other investors. Additionally, this is not a substitute for the TILA-RESPA rule. Lenders should consult with their legal and compliance departments to ensure that they are complying with all the regulatory requirements.

The information provided is subject to change based on additional regulator guidance. Check back often for new or update information. If you have questions about this resource or TRID as it relates to CalHFA, please contact lenderservices@calhfa.ca.gov.

Can lenders combine disclosures or provide the subordinate information on the 1st lien disclosure?
Should I use a TIL or CD for a ZIP loan?
If we charged a MERS fee to borrower for the ZIP loan, what disclosure should we use?
When must a lender use the TIL disclosure for a ZIP loan?
Can a lender provide a CD instead of a TIL for a ZIP loan, or vice versa?
It does not make sense to have a TIL if there is no interest, payments or fee. How does the lender fill out the TIL?
Does a lender have to use CalHFA's TIL form?
We are unable to provide an Itemization of Amount Financed. Is there another acceptable form or documentation? Why do I need to itemize non-financed amounts for the ZIP TIL?
How do lenders complete disclosures on the CD for the loan features of a CalHFA subordinate loan?
Does the lender have to use CalHFA's form?
Does CalHFA require borrower to sign the CD?
Does CalHFA require borrower to sign the TIL?
What fees does CalHFA allow for MyHome and ZIP loans?
What is CalHFA's policy in regards to re-disclosure of the CD on the day of closing?
Does CalHFA want lenders to type in "CalHFA Subordinate Loan" for the "Loan Type" on page 1 of the CD?
How will CalHFA handle reimbursements needed to cure tolerance issues identified after closing?
What if the lender does not provide a CD or TIL to the borrower for subordinate liens?
What if I provided the incorrect disclosure to the borrower?
What if I provided the incorrect disclosure to the borrower?
What if I thought the costs of the ZIP loan were going to be more than 1% and we provided the borrower an LE. At closing, the costs were actually less than 1%, requiring a TIL? Can I cure this?