This Program Bulletin supersedes Program Bulletin #2019-19.
Effective January 1, 2020 CalHFA has made the following changes to its extension policy:
- Resale/Existing property extension timeframes have been reduced to 60 days maximum.
- New Construction properties may still be extended up to 120 days with updated fees.
- Subordinate loan extension fees have been eliminated and will follow the same extension timeframes as the first mortgage.
Extensions issued prior to effective date of this bulletin will not be adjusted.
See the bulletin below for more details:
Thank you for your continued partnership with CalHFA