Video Library Refinancing Existing CalHFA Loans

Government Loans | Conventional Loans | Down Payment Assistance Programs | Loan Submission | Lender Manual | Refinance

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 submit the following items to eHousingPlus:

  • A corporate or Cashier’s Check for $500 made payable to eHousingPlus (No Personal Checks)
  • 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)

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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.

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Scenario CalculatorLoan Scenario Calculator

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

News & Updates

Latest Bulletins

Program Bulletin #2020-05 - CalHFA Subordinate Note & Deed of Trust Updates

Program Bulletin #2020-04 - MyHome Interest Rate Decreases to 2.50%

Program Bulletin #2020-03 - CalHFA Single Family Lending Continuity of Business Operations

Latest Enews Announcements

Enews 04/01/20: CalHFA is Open for Business

Enews 03/30/20: Lakeview Announcement C2020-08

Enews 03/27/20: Lakeview Announcement C2020-07

Enews announcements can be found on our Archived Page