CalHFA's Lender Program Manual is directed to mortgage professionals, such as lenders, loan officers, underwriters, brokers, escrow officers and servicers. It is intended as a guide for originating loans for purchase by CalHFA. The Manual is periodically amended and/or updated by Program Bulletins. Lender Program Manual (pdf)
The current version of the Program Manual was revised 08/2017. Please refer to the subsequent Program Bulletins for the most current information.
CalHFA Program Bulletins are addendums to the Lender Program Manual and important communication tools to our lending partners. These bulletins are provided in Adobe PDF format and require Adobe Reader to open and view them.
|#2018-19||CalHFA and the California Wildfires|
|#2018-18||New Mortgage Purchase Master Agreement|
|#2018-17||Additional Requirements to Resubordinate All CalHFA Subordinate Loans|
|#2018-16||New, Simplified CalHFA Borrower's Affidavit and Certification||#2018-15||CalHFA Conventional Loan Programs to Allow Manufactured Housing||#2018-14||CalHFA to Implement Fannie Mae's 3.2 File Format in MAS||#2018-13||CalHFA Eliminates Business Income Overlay|
|#2018-12||Updated Income Limits for the Mortgage Credit Certificate Tax Credit Program|
|#2018-11||New CalHFA Borrower's Affidavit and Certification|
|#2018-10||CalHFA to Offer Purchase Assistance to Borrowers affected by Natural Disasters in California|
|#2018-09||Updated Sales Price Limits for both CalHFA's Loan Programs and MCC Program|
|#2018-08||90-Day Rate Lock Option Eliminated|
|#2018-07||Elimination of APN Restriction|
|#2018-06||CalHFA to Purchase Loans Twice Weekly via ACH Transfer|
|#2018-05||Updated and Simplified Income Limits for all CalHFA First Mortgage Programs|
|#2018-04||Leasehold Estates and Community Land Trusts|
|#2018-03||CalHFA to Offer Limited 203(k) Option on its FHA Loan Programs|
|#2018-02||Documentation and Representation and Warranty Relief for CalHFA Conventional Loan Programs Using Day 1 Certainty™|
|#2018-01||New CalHFA School Teacher and Employee Assistance Program and Discontinuation of Extra Credit Teacher Home Purchase Program|
Updates and changes will be announced from time to time via a Program Bulletin ("Program Bulletin" or "Program Bulletins") and Lenders should sign up for Enews announcements and monitor CalHFA’s website for specific Program Bulletin updates and changes to the Program Manual.
Whenever possible, CalHFA will provide its Lenders a five (5) business day notice via a CalHFA Program Bulletin or Enews announcement regarding program and policy changes.
Some exceptions may apply to the notification policy, such as daily interest rate announcements and changes directed by other state (e.g. State Treasurer’s Office), federal (e.g. GSEs, FHA) or private (e.g. Master Servicer and Mortgage Insurance provider) partners who have not allowed sufficient time for a 5-day notification.
The Scenario Calculator helps you compare CalHFA loans to determine what loan scenario works best for your client.
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Dates for November Lender Training have been posted
Program Bulletin #2018-18 - CNew Mortgage Purchase Master Agreement
Program Bulletin #2018-17 - Additional Requirements to Resubordinate All CalHFA Subordinate Loans
Program Bulletin #2018-16 - New, Simplified CalHFA Borrower's Affidavit and Certification
Enews announcements can be found on our Archived Page