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CalHFA Refinance Programs
Conventional Loans | Government Loans | Down Payment Assistance Programs | Special Programs | Loan Submission | Lender Program Manual | Refinance
CalHFA has various policies about refinancing, resubordination and Mortgage Credit Certificates.. You can find more information below.
Refinance Programs | Subordinate Loans | Mortgage Credit Certificates (MCC)
CalHFA Refinance Programs
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CalHFA requires all subordinate loans to be paid in full if the first mortgage is refinanced except for Dream For All Shared Appreciation subordinate loans. Please follow the Dream For All Shared Appreciation subordinate loans resubordination policy. |
Existing CalHFA Subordinate Loans
CalHFA eliminated its resubordination program on July 1, 2019. CalHFA now requires all subordinate loans to be paid in full if the first mortgage is refinanced.
CalHFA will permit the resubordination of existing CalHFA subordinate loans if homeowners are approved for their servicer’s loss mitigation program.
To determine if the subordinate lien(s) belong to CalHFA or Keep Your Home California (KYHC), please refer to these examples for clarification.
If a homeowner is already approved for their servicer’s loss mitigation program they may be eligible for resubordination as part of the loss mitigation.
- CalHFA Loss Mitigation Subordination Process for CalHFA Subordinate Loans
- Loss Mitigation Subordination Check Submission Form
For Exception to the resubordination policy please use the links below:
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 logon to the CalHFA MCC web page, click on the REISSUE MCC link for requirements, a fillable Reissued Mortgage Credit Certificate Compliance File Checklist, and upload the following to eHousingPlus:
- Copy of the Final Executed Closing Disclosure (CD) for refinanced loan
- Copy of the MCC Certificate Issued to Borrower(s)
CalHFA will permit a MCC to be reissued up to a maximum of six (6) times.
Loan Scenario Calculator
The Scenario Calculator helps you compare CalHFA loans to determine what loan scenario works best for your client.
News & Updates
Dates for November & December Lender Training have been posted
Latest Bulletins
Program Bulletin #2025-09 - Updated CalHFA Borrower Affidavit and Certification
Program Bulletin #2025-08 - New CalHFA Refinance Programs
Program Bulletin #2025-07 - Update to Rate Lock Policy
Latest eNews Announcements
Enews 09/25/2025 - California Housing Finance Agency celebrates its 50th anniversary
Enews 09/19/2025 - CalHFA welcomes Tony Sertich as its new Executive Director
Enews 08/18/2025 - CalHFA helps thousands of Californians find a home
eNews announcements can be found on our Archived Page
