Video Library Refinancing Existing CalHFA Loans
CalHFA has organized its program information into convenient handbooks for easy reference. All the information for a given program—from qualifying criteria to forms & docs—is collected in one easy place. You can print them out for desktop reference, or browse and search them online in PDF format. Get familiar with their layout, and you'll be a CalHFA program whiz in no time.
Subordination Process For CalHFA Subordinate Loans
CalHFA will permit the subordination of existing CalHFA subordinate loans if homeowners are approved for loss mitigation.
To determine if subordinate lien(s) belong to CalHFA or Keep Your Home California (KYHC), please refer to these examples for clarification.
Process for Reissuance of CalHFA issued Mortgage Credit Certificates (MCC)
CalHFA will permit the reissuance of existing CalHFA Mortgage Credit Certificates (MCC). Within 10 days of closing, the lender must upload the following items to eHousingPlus:
- Email Services@eHousingPlus to request a Secure Link Upload for CalHFA Reissued MCC
- Upload the following documents to eHousingPlus:
- Reissued Mortgage Credit Certificate Compliance File Checklist (pages 1 and 2); Signed by Corporate Officer responsible for reporting to the IRS
- Copy of the Final Executed Closing Disclosure (CD) for refinanced loan
- Copy of the MCC Certificate Issued to Borrower(s)
Updates and changes will be announced from time to time via a Program Bulletin ("Program Bulletin" or "Program Bulletins") and Lenders should sign up for Enews announcements and monitor CalHFA’s website for specific Program Bulletin updates and changes to the Program Manual.
Whenever possible, CalHFA will provide its Lenders a five (5) business day notice via a CalHFA Program Bulletin or Enews announcement regarding program and policy changes.
Some exceptions may apply to the notification policy, such as daily interest rate announcements and changes directed by other state (e.g. State Treasurer’s Office), federal (e.g. GSEs, FHA) or private (e.g. Master Servicer and Mortgage Insurance provider) partners who have not allowed sufficient time for a 5-day notification.
The Scenario Calculator helps you compare CalHFA loans to determine what loan scenario works best for your client.
News & Updates
Program Bulletin #2020-08 - Updated Income Limits for All CalHFA First and Subordinate Mortgages
Program Bulletin #2020-07 - Elimination of Sales Price Limits
Program Bulletin #2020-06 - Updated Debt-to-Income Ratio Requirements for All Borrowers
Latest Enews Announcements
Enews 06/11/20: CalHFA's June At-Home Update With Molly Ellis
Enews 06/02/20: CalHFA Offices Will Be Closed Tuesday, And Staff Are Working Remotely
Enews 06/01/20: CalHFA Is Conducting Business During Protests
Enews announcements can be found on our Archived Page