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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

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 - (6/04/18) 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 10/18/2018

Post-closing

News & Updates

Dates for October Lender Training have been posted

Program Bulletin #2018-17 - Additional Requirements to Resubordinate All CalHFA Subordinate Loans

Program Bulletin #2018-16 - New, Simplified CalHFA Borrower's Affidavit and Certification

Program Bulletin #2018-15 - CalHFA Conventional Loan Programs to Allow Manufactured Housing

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.

Tips for Doc Draw & Closing:

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

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500 Capitol Mall, Ste. 1400
Sacramento, CA 95814
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