Re-Reserve/Rate lock policy update
Effective for all rate locks on or after December 19, 2024, CalHFA is reducing the re-reserve/rate lock wait period from 60 days to 30 days. Each reservation is borrower, property, and lender specific. The lender may not re-reserve/rate lock a new loan for the same borrower and property until 30 days from the cancelled loan’s expiration date.
A new reservation for the same borrower with a new property is not subject to the 30-day wait period.
For complete announcement, please read Program Bulletin #2024-10 - Re-Reserve/Rate lock policy update.
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