File Review Status
Updated 5/15/12, 10am |
|
Approx # of Files in Line for Comp Review |
367 |
Date Compliance Underwriters are Working |
Apr 27 |
News & Updates
Bulletin 2012-04
Launch of the MCC Tax Credit Program
Bulletin 2012-03
School Facility Fee Program (SFF) Applications Will No Longer Be Accepted
Bulletin 2012-02
California Homebuyer's Downpayment Assistance Program (CHDAP) Revisions
Bulletin 2011-30
California Homebuyer's Downpayment Assistance Program (CHDAP) Revisions
Bulletin 2011-29
Additional Requirement for CalHFA Annual Lender Recertification
Bulletin 2011-28
Borrower's Affidavit - Revised
Bulletin 2011-27
Borrower Occupancy Policy and Foreclosure Moratorium
Mortgage Brokers
How to Process a CalHFA Loan
Thank you for your interest in CalHFA and in serving California’s first-time homebuyers. As a broker it is required that you work through a CalHFA-approved wholesale lender to process a CalHFA loan.
If you are a loan originator for any of the CalHFA-approved retail lenders found in this database Approved Lenders, please contact your operations center/manager to learn how to submit your CalHFA loans.
If you are in search of a wholesale lender to broker a CalHFA loan, the following is a list of CalHFA-approved wholesale lenders and primary contacts who offer our products:
Please check with your Account Executive at any of the below lenders to learn how you can submit CalHFA loans.
Mountain West Financial, Inc. |
Broadview Mortgage Corp Andrew Ryan, VP Wholesale 2200 W Orangewood Ave., #215 Orange, CA 92868 phone (949) 735-1180 fax (714) 948-5915 |
Guild Mortgage |
PRMG |
Provident Bank Mortgage Northern California |
Land Home Financial Sun West Mortgage Co., Inc. |
Mortgage Management Consultants, Inc. |
Getting Free CalHFA Leads
If you are interested in CalHFA's Preferred Loan Officer and LEADS Program please visit the LEADS Program page or contact Sharyl Silva at 916.326.8058.
Homebuyer Education Requirement
Nonprofit Home Counseling Agencies are a critical component for homeownership. Many first-time homebuyers often need education on the steps required to make a successful loan application to qualify for a mortgage. Nonprofit Home Counseling Agencies can provide assistance in learning about homeownership, its benefits, and requirements. In some cases, individuals may have poor, or no credit history, and may not be familiar with the mortgage lending process and required home maintenance activities.
Some individuals may only need to attend an introductory class on homeownership, while others may require up to two years of one-on-one counseling to repair credit or reduce existing debt before they are ready to submit an application to a lender. Education and counseling can be crucial in helping an individual or family become and remain a homeowner.
Because CalHFA firmly believes that homebuyer education is critical to the success and happiness of a homeowner, homebuyer education is required on all first-time homebuyer programs that CalHFA offers. We will accept homebuyer education counseling certificates online, in-person, or by phone. Here are some examples of providers:
- Freddie
Mac Homebuyer Counseling Counselors/Administrators
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- HUD-approved Housing Counselors
- NeighborWorks America
- U.S. Department of Housing and Urban Development
451 7th Street, S.W., Washington, DC 20410
Telephone: (202) 708-1112 - Private Mortgage Insurers approved by Fannie Mae. Check private mortgage insurer's web site for homebuyer counseling availability.
Sales Tools & Marketing Materials
CalHFA produces many collateral pieces to both inform first-time homebuyers and help our lending partners with the CalHFA process. Many of the pieces are in downloadable format for convenient printing. You may also request large quantities from our Marketing division, although we ask that you pay for shipping. Take a look at what we have to offer!
Visit the Sales Tools & Marketing Materials page for details.
