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The Scenario Calculator helps you compare CalHFA loans to determine what loan scenario works best for your client. (Best viewed in IE9 or higher, Chrome, Firefox or Safari)

File Review Status
Updated 07/27/2016
Loans in line Review Date

Compliance

119 July 21

Post-closing

MyHome/ZIP/ECTP

576 July 14

Subordinations

29 July 22

News & Updates

Video Library
Get to know CalHFA and our programs

Program Bulletin #2016-14 Updated Sales Price Limits for the CalHFA Mortgage Credit Certificate Tax Credit Program

Program Bulletin #2016-13 Updated Income Limits for all CalHFA Loan Programs and CalHFA Mortgage Credit Certificate Tax Credit Program

Program Bulletin #2016-12 Updates to Annual Lender Recertifications

Program Bulletin #2016-11 CalHFA Announces New Options for ZIP Down Payment Assistance and Changes to the MyHome Program

Program Bulletin #2016-10 Acceptance of Mortgage Electronic Registration System (MERS) for all CalHFA Subordinate Loans

Program Bulletin #2016-09 CalHFA Announces Additional Master Servicer

Program Bulletin #2016-08 Clarification to CalHFA's Disclosure Requirements for CalHFA Subordinate Loans

Program Bulletin #2016-07 Increased Income Limits in High Cost Counties for CalHFA Conventional Loan Programs

Program Bulletin #2016-06 CalHFA Releases Updated Lender Manual

Did You Know?

Lenders receive a 1% Service Release Premium in addition to the origination fee on all CalHFA first mortgages!

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  • 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
  • New save energy and money CalEEM + Grant Additional 4% Grant for energy upgrades with a 30year fixed EEM Mortgage. Click for more info.
  • Grade A+ Extra Credit Teacher Program Extra financial help for staff at California's high priority schools. Click for more info.
  • Tax credits- Mortgage Credit Certificate: Lower your taxes with our federal tax credit program. Click for more info.

Income and Sales Price Limits for CalHFA Home Buying

CalHFA assists low and moderate-income homebuyers in the realization of their goal of homeownership in California. CalHFA offers low interest rates to homebuyers who meet the income and sales price limits for the County in which they wish to purchase. Borrowers are to contact an approved CalHFA Lender for complete program details.

Income Limits

CalHFA's income limits cannot exceed certain federal maximum limits. In order to reach certain policy goals, CalHFA may set income limits below the federal limits.

CalHFA offers low interest rates for low to moderate income first time homebuyers in California.

Income limits may be different for each program. Please choose the program limits you need from the list below:

Conventional Income Limits

FHA Income Limits

Other CalHFA Programs

Maximum Federal Income Limits
(for use in calculating Recapture and Loan Assumptions)

*The IRS Revenue Procedure 2010-23 allows CalHFA to use the 2009 published income limits. Therefore, in 2010, first mortgage programs may use the income limits published April 20, 2009 by CalHFA Homeownership Program Bulletin #2009-05)

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Sales Price Limits

The following are the maximum Single Family Program Sales Prices for eligibility purposes for new construction and existing (resale) homes.

"Sales Price" for purposes of eligibility, refers to the total contract sales price (acquisition cost*) as shown on the Closing Disclosure (CD) of acquiring a residence from the seller as a completed unit, expenses paid by the borrower on behalf of the seller, and any liens or assessments to which the home is subject.

*"Acquisition Cost" means the cost of acquiring a residence from the seller as a completed unit. The term does not include usual and reasonable settlement or financing costs. It does include the amount of any lien or assessment to which the home is subject.

CalHFA Sales Price Limits - (10/27/15) for all CalHFA first mortgage and subordinate loan programs

CalHFA MCC Sales Price Limits - (07/15/16) for the CalHFA Mortgage Credit Certificate Tax Credit (MCC) program

When CalHFA lending programs are used in combination with the CalHFA MCC program the most restrictive sales price limit applies.

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