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Loan Scenario Calculator

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 07/06/2015

Item Detail

CalHFA First Loans

Approx First Loans in Line for Review (including any CHDAP junior loan)

2

Date Compliance Reviewers are Working

July 3

CHDAP Stand Alone

Approx CHDAP Stand Alone Loans in Line for Review

100

Date Compliance Reviewers are Working

Jun 25

Junior Loan Subordinations

Approx Junior Loan Subordinations in Line for Review

4

Date Reviewers Are Working

July 2

News & Updates

Program Bulletin #2015-09 - Updated Sales Price Limits

Program Bulletin #2015-08 - Updated Income Limits for the Mortgage Credit Certificate (MCC) Tax Credit Program

Housing Matters Newsletter
Summer 2015, Vol 25

Bulletin 2015-07
Updated Income Limits for CalHFA FHA, CalPLUS FHA, Cal-EEM + Grant, CHDAP and ECTP

Bulletin 2015-06
Automatic 30-day extension on all expired CalHFA first mortgage loan reservations

Bulletin 2015-05
CalPLUS FHA First Mortgage Loan Now Includes ZIP Extra

Bulletin 2015-04
Fannie Mae AMDC No Longer Required For CalHFA Conventional Programs

Did You Know?

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

Become a hero to your borrower. CalHFA presents Calplus Conventional 101. Click here to see how.

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's limits you need from the list below.

CalHFA First Mortgage Programs

CalHFA Subordinate Program(s)

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 settlement statement (HUD-1) 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 - (07/01/15)

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