CalHFA's master servicer, US Bank, will no longer net fund out the FHA High Balance Loan fee. To ensure the continued availability of FHA high balance loans for CalHFA borrowers, the payment process of the high balance fee will change.
Effective February 8, 2016, the FHA High Balance Loan fee must be paid to CalHFA within ten (10) days of loan closing. See the Program Bulletin below for full details.
