90-Day Rate Lock Option Eliminated
Effective June 4, 2018 CalHFA will no longer offer a ninety (90) day rate lock option on any of its mortgage products. CalHFA will only offer its sixty (60) day rate lock for both existing/resale properties and new construction properties in MAS. If a longer lock period is needed, lenders may request an extension for both the first mortgage and subordinate loan(s) concurrently in 15-day increments up to a maximum of 120 days from CalHFA's Secondary Marketing Unit at ratelocks@calhfa.ca.gov.
See bulletin below for details:
Program Bulletin #2018-08 - 90-Day Rate Lock Option Eliminated
Thank you for your continued partnership with CalHFA.
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