More Info on the President's Stimulus and CALHFA
The President’s Homeowner Affordability and Stability Plan has two components:
The Loan Modification
The Refinance
If you currently have a CalHFA loan, please see the information below.
LOAN MODIFICATION
Due to obligations to our bondholders and investors, CalHFA cannot effectively participate in the President’s Homeowner Affordability and Stability Plan. CalHFA borrowers, however, may be eligible for CalHFA’s Loan Modification Program; for more details, please see our Loan Modification Program page.
The Loan Modification
The Refinance
If you currently have a CalHFA loan, please see the information below.
LOAN MODIFICATION
Due to obligations to our bondholders and investors, CalHFA cannot effectively participate in the President’s Homeowner Affordability and Stability Plan. CalHFA borrowers, however, may be eligible for CalHFA’s Loan Modification Program; for more details, please see our Loan Modification Program page.
REFINANCE
CalHFA loans do not qualify for the refinance portion of the President's Stability Plan because those loans must be held by Fannie Mae or Freddie Mac.
CalHFA is an investor, not a lender and cannot make loans directly to borrowers. To refinance, please contact a lender in your area.
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