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.

$795,000 Statewide - Effective 01/01/2020 - Applicable for all First Mortgage Programs

"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.

 

 

>> Archived Sales Price Limits

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The Scenario Calculator helps you compare CalHFA loans to determine what loan scenario works best for your client.

News & Updates

Dates for January Lender Training have been posted

Program Bulletin #2019-26 - Updated Sales Price Limits

Program Bulletin #2019-25 - Increased Conventional and Government Loan Limits Effective January 1, 2020

Program Bulletin #2019-24 - Change in Extension Fees on CalHFA's First Mortgage Loan Products

Enews announcements can be found on our Archived Page