Major Disaster Declarations in California and CalHFA Single Family Loan Programs
The Federal Emergency Management Agency (FEMA) periodically declares Major Disasters in California on their website with the mission of helping people, before, during and after disasters.
How are CalHFA Single Family Loan Programs designed to help?
CalHFA will waive its first-time homebuyer requirement as detailed in its Program Bulletin 2018-10 on any of its Single Family loan programs for borrowers impacted by a disaster in California that has been declared a Major Disaster by FEMA.
Those borrowers whose owner-occupied home was destroyed or declared uninhabitable may apply for CalHFA first mortgage programs, including the MyHome Assistance Program, School Teacher and Employee Assistance Program or Zero Interest Program (ZIP) per program handbook guidelines for up to three (3) years after the disaster declaration date.
What are the Current Designated Major Disasters?
| FEMA declared Major Disaster | Designated Counties | Declaration Date |
|---|---|---|
| DR-4407 California Wildfires | Butte, Los Angeles and Ventura | 11/12/2018 |
| DR-4382 California Wildfire and High Winds | Shasta | 8/4/2018 |
| DR-4353 California Wildfires, Flooding, Mudflows and Debris Flows | Los Angeles, San Diego, Santa Barbara and Ventura | 1/2/2018 |
| DR-4344 California Wildfires | Butte, Lake, Mendocino, Napa, Nevada, Orange, Sonoma and Yuba | 10/10/2017 |
Loan Scenario Calculator
The Scenario Calculator helps you compare CalHFA loans to determine what loan scenario works best for your client.
File Review Status
Updated 08/23/2019| Loans in line | Review Date | |
|---|---|---|
Compliance |
77 | August 22 |
In Suspense |
0 | August 23 |
Post-closing
| Loans in line | Review Date | |
|---|---|---|
MyHome/ |
479 | Aug 17 |
In Suspense |
511 | Aug 8 |
News & Updates
Dates for August & September Lender Training have been posted
Program Bulletin #2019-19 - Extension Fee Reduction on CalHFA's First Mortgage Loan Products
Program Bulletin #2019-18 - Correction to recent Program Bulletin on HUD 184 Loan Option to CalHFA's FHA Loan Program
Program Bulletin #2019-17 - Fannie Mae's Lender Letter LL-2019-06 effect on CalHFA
Enews announcements can be found on our Archived Page
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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