Income and Sales Price Limits for CalHFA Home Buying

Income Limits | Sales Price Limits

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:

CalHFA Income Limits

>> Archived Income Limits

 

Low Income (LI) Income Limits
(For conventional loan programs only)

 

Location Eligible (LE) Income Limits
(For conventional loan programs only)

 

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

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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 - (01/01/19) for all CalHFA first mortgage and subordinate loan programs

CalHFA MCC Sales Price Limits - (06/04/18) 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.

>> Archived Sales Price Limits

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File Review Status

Updated 10/18/2019

Post-closing

News & Updates

Dates for November Lender Training have been posted

Program Bulletin #2019-22 - Updated Minimum Credit Score Requirements for All Borrowers

Program Bulletin #2019-21 - Updated CalHFA Subordinate Deed of Trust Reflecting MERS Changes

Program Bulletin #2019-20 - Discontinuation of the Cal-EEM + Grant Loan Program

Enews announcements can be found on our Archived Page

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.

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