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 02/20/2019| Loans in line | Review Date | |
|---|---|---|
Compliance |
25 | Feb. 19 |
In Suspense |
0 | Feb. 20 |
Post-closing
| Loans in line | Review Date | |
|---|---|---|
MyHome/ |
3 | Feb. 20 |
In Suspense |
6 | Feb. 19 |
News & Updates
Dates for March Lender Training have been posted
Program Bulletin #2019-08 - Lower Interest Rates for Conventional Loans with no Subordinates
Program Bulletin #2019-07 - CalHFA to Add a 2% ZIP Option and Eliminate the 4% ZIP Option
Program Bulletin #2019-06 - CalHFA to Offer Lower Interest Rates on Conventional First Mortgages for Certain Eligible Borrowers
Program Bulletin #2019-05 - New Borrower's Affidavit and New Restriction on Non-Occupant Co-Signors
Program Bulletin #2019-04 - New Interest Rate for the MyHome and School Program
Program Bulletin #2019-03 - One Promissory Note and One Deed of Trust for All CalHFA Subordinate Loans
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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