November 20, 2025 | Bulletin #25-40

ReCoverCA HBA Updates for Lenders

Program Documents Updated

Updated program documents for both the 2023/24 Flood Allocation and the 2017 and 2018 Fire Allocations of the ReCoverCA Homebuyer Assistance (DR-HBA) Program are now available in the Lender Participation Guide, on the GSFA website.

Updates include:

• Updated Term Sheets: Revised to reflect the updated U.S. Bank fee.
• New Form Added: DR-HBA018 – Conflict of Interest Affidavit.
• Updated Form: DR-HBA002 – Program Application and Affidavit revised to allow additional applicants.
• Updated Checklists: Document order corrected and items aligned with the appropriate phase.
• All Forms Updated: Redundant information removed.

These updates are effective immediately and must be used for all new reservations.

Reminder: 2017 and 2018 Fire Recovery Allocations Still Available

Funding remains available under the 2017 and 2018 Fire Recovery Allocations of the ReCoverCA Homebuyer Assistance (DR-HBA) Program. These allocations provide up to $350,000 per household to help low- to moderate-income survivors of the 2017 and 2018 wildfires purchase a home in a safer area of California.

2017 Qualifying Disaster Areas

• Sonoma County
• Ventura County
• Zip Code 93108 (Santa Barbara County)
• Zip Code 95422 (Lake County)
• Zip Code 95470 (Mendocino County)
• Zip Code 94558 (Napa County)
• Zip Code 95901 (Yuba County)

2018 Qualifying Disaster Areas

• Butte County
• Lake County
• Los Angeles County
• Shasta County

All term sheets, forms, and checklists for the Fire Recovery allocations can be found in the ReCoverCA HBA (DR-HBA) Lender Participation Guide on the program website.

Upcoming Lender Training Webinars 

To support your teams in originating ReCoverCA HBA loans, training sessions are now scheduled for both allocations:

2023/24 Flood Allocation

🗓️ Nov 25, 2025 | 2:00 PM – 3:15 PM
 [Register Here]


2018 Fire Allocation

🗓️ Nov 26, 2025 | 10:00 AM – 11:15 AM
 [Register Here]


These sessions will walk through program requirements, qualifying disaster areas, income parameters for low- to moderate-income households, loan structuring, and submission processes. – We strongly encourage all participating lenders to attend.

New Lender Updates & Insights Video

A new short video is now available to help lenders and real estate professionals stay up to date on the program.

Video Highlights:

• Flood allocation now open for reservations
• Fire allocation funding still available
• Overview of qualifying areas and program benefits
• Supporting low- to moderate-income households move from renting to homeownership in safer areas

🎥 Watch the video: https://youtu.be/TRQZLonOGZI

© 2025 Golden State Finance Authority. All rights reserved.

This is not an offer for extension of credit nor a commitment to lend and is subject to change without notice. Complete program policies, eligibility requirements, loan applications, interest rates and annual percentage rates (APRs) are available through GSFA Participating Lenders.

For questions or additional assistance regarding this bulletin, please Contact Us.

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