How to Process a CalHFA Loan if you are a Mortgage Broker
As a mortgage broker it is required that you work through a CalHFA approved wholesale lender to process a CalHFA loan. The following is a list of CalHFA approved wholesale lenders and primary contacts who offer our products:
Mountain West Financial Inc.
N2Funding a dba of Equity Prime Mortgage
Getting Free CalHFA Leads
If you are interested in CalHFA's Preferred Loan Officer and LEADS Program please visit the LEADS Program page or contact Catherine Relyea at 916.326.8077.
Homebuyer Education Requirement
CalHFA firmly believes that homebuyer education and counseling is critical to the success and happiness of a homeowner, and requires homebuyer education and counseling for first-time homebuyers using a CalHFA program.
Who has to take this Homebuyer Education and Counseling course?
Only one occupying first-time borrower on each loan transaction.
How do I take this education and counseling course?
- ONLINE: eHome's eight-hour Homebuyer Education and Counseling course is the only online course accepted by CalHFA. (fee: $99) Other online courses like Frameworks are not acceptable because they do not provide a one-hour, 1-on-1 counseling follow-up session.
- IN-PERSON: face-to-face Homebuyer Education and Counseling through NeighborWorks America or any HUD-Approved Housing Counseling Agency
(fee: varies by agency)
Helpful Marketing Materials
CalHFA produces many collateral pieces to both inform California homebuyers and help our lending partners with the CalHFA process. Many of the pieces are in downloadable format for convenient printing. Take a look at what we have to offer!
Visit the Sales Tools & Marketing Materials page for details.
The Scenario Calculator helps you compare CalHFA loans to determine what loan scenario works best for your client.
News & Updates
Program Bulletin #2020-09 - MyHome Interest Rate Decreases to 2.00%
Program Bulletin #2020-08 - Updated Income Limits for All CalHFA First and Subordinate Mortgages
Program Bulletin #2020-07 - Elimination of Sales Price Limits
Program Bulletin #2020-06 - Updated Debt-to-Income Ratio Requirements for All Borrowers
Latest Enews Announcements
Enews 08/26/20: Lakeview Disaster Guide
Enews 08/24/20: Resources for Fire Victims
Enews announcements can be found on our Archived Page