CHDAP (CalHFA) Down payment assistance program: Maximum allowable fees

Posted by chris on May 01, 2014

CHDAP revises maximum Origination effective 6-2-14.

Origination fee may not exceed the greater of 2% of the first loan amount OR
$3000 for reservations made on or after June 2, 2014.


In addition to the above fees, third party fees such as credit report,
appraisal fee, insurance fee or similar settlement or financing costs may be
charged.

Should you have any questions ,please call your department manager 4-30-14

 

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