How to choose
There’s no single “best” calhfa loan lender — the best lender is the one whose guidelines and pricing fit your exact scenario. That’s why borrowers increasingly use an independent broker: instead of applying at five banks, one application at CDL Mortgage is priced across our entire wholesale lender panel.
Here’s what to look for when comparing calhfa loan lenders — and how we stack up on each point.
Wholesale pricing from multiple lenders — a broker compares many investors on every calhfa loan; a bank can only offer its own products.
A licensed loan officer, not a call center — one point of contact from pre-approval through closing.
Program depth — the best lender for your scenario may not be the best for your neighbor’s. Guideline flexibility matters.
Transparent fees — you should see exactly what you’re paying and what you’re getting for it, in writing.
Speed and communication — on-time closings win purchase contracts. Ask how often you’ll get status updates.
Local licensing — work with a lender licensed in your state who knows your county’s loan limits and closing customs.
Questions
CalHFA (California Housing Finance Agency) programs pair a first mortgage with down payment and closing cost assistance for low-to-moderate income first-time buyers in California. The MyHome Assistance Program provides a deferred-payment junior loan of up to 3.5% of the purchase price or appraised value.
You generally must be a first-time homebuyer (no ownership in the last 3 years), occupy the home as your primary residence, meet county income limits, and complete a homebuyer education course. We’ll check your county’s income limit and walk you through every requirement.
The MyHome junior loan is deferred — no monthly payments are required. It’s repaid when you sell, refinance, or pay off the first mortgage. This lets you get into a home now without draining your savings.
Yes. CalHFA assistance layers on top of an FHA or conventional first mortgage. We’ll compare the CalHFA FHA and CalHFA conventional options side by side to find your lowest total monthly payment.
No — CalHFA is a California-only program. If you’re buying in another state we serve, ask us about that state’s bond and down payment assistance programs, along with FHA and VA low-down-payment options.
About Us
CDL Mortgage Services Inc. is an independent, full-service mortgage company. Instead of pushing one bank’s products, we shop multiple wholesale lenders to secure the best loan at the best rate for every borrower.
Purchase, refinance, and home equity — all under one roof, focused on the best loans at the best rates.
Based at 6524 Lonetree Blvd, Rocklin, CA 95765 and licensed in California, Texas, Georgia, Tennessee, Oklahoma & Idaho.
Every file is handled start-to-finish by a licensed loan officer who knows your name and your goals.
Fully licensed and regulated, with award-winning lender partnerships and 35+ years serving borrowers.