Major Disaster Declarations in California and CalHFA Single Family Loan Programs
The Federal Emergency Management Agency (FEMA) periodically announces Presidentially declares Major Disasters in California on their websitewith the mission of helping people, before, during and after disasters.
How are CalHFA Single Family Loan Programs designed to help?
Borrowers whose home was destroyed or declared uninhabitable by a California major disaster within one (1) year of the declaration date may apply for the CalHFA FHA first mortgage program with the 203(h) option that offers 100% financing. In addition, borrowers can also include the MyHome Assistance Program to pay for additional down payment or closing cost without having to be a first-time homebuyer. See program handbook for details.
The Scenario Calculator helps you compare CalHFA loans to determine what loan scenario works best for your client.
Dates for July Lender Training have been posted
Program Bulletin #2022-09 - Forgivable Equity Builder Loan Updates to Combined-Loan-to-Value
Program Bulletin #2022-08 - Change in Extension Fees on CalHFA's First Mortgage Loan Products
Program Bulletin #2022-07 - Updates to the Maximum DTI
Latest Enews Announcements
Enews 06/06/22: Program Bulletin #2022-08
Enews 06/06/22: Program Bulletin #2022-07
Enews 06/01/22: Program Bulletin #2022-06
Enews announcements can be found on our Archived Page