CalHFA is pleased to announce a new loan program starting November 1, 2017. The CalHFA VA Loan Program is a VA guaranteed first mortgage loan which can be combined with MyHome Assistance Program (MyHome) or the Extra Credit Teacher Home Purchase Program (ECTP). MyHome and ECTP can be used for down payment and closing cost assistance and are for first-time homebuyers only.
Effective for all reservations starting November 01, 2017, lenders are required to use the revised promissory note and deeds of trust documents dated 11/01/2017 for all MyHome and ECTP subordinate loans behind any CalHFA FHA, CalPLUS FHA, Cal-EEM + Grant or the new CalHFA VA first mortgage loan program.
- Program Bulletin #2017-12 - Closing Document Revisions for MyHome Assistance Program and Extra Credit Teacher Home Purchase Program (ECTP) when combined with a CalHFA Government Insured/Guaranteed First Mortgage
Thank you for your continued partnership with CalHFA.
