Effective for all subordinate loans rate locked on or after June 17, 2019, CalHFA’s MyHome Assistance Program (MyHome) and School Teacher and Employee Assistance Program (School Program) 30-year simple interest rates will be 3.00%.
CalHFA strongly encourages lenders to use the Closing Doc Wizard in MAS during the doc drawing process. The Closing Doc Wizard ensures the closing docs are being drawn correctly with the applicable fields auto-populated.
See the bulletin below for more details:
Thank you for your continued partnership with CalHFA