Effective August 19, 2019, interest rate extension fees will be reduced on all CalHFA first mortgage loan products.
Each 15-day extension increment will cost 0.125% and is net funded at the time of purchase by the master servicer.
Extensions issued prior to effective date of this bulletin will not be adjusted.
Subordinate loan extension fees remain unchanged and are net funded at the time of purchase by CalHFA.
See the bulletin below for more details:
Thank you for your continued partnership with CalHFA