How do rates work for CalHFA loans and where do you find them?
Saturday, January 25, 2025
CalHFA publishes rates daily. Scroll down to see today's rates.
You cannot lock a rate until you have an offer accepted and your lender locks it with CalHFA. Rates can be locked anytime between 8am and 3pm, but most lenders require an earlier cutoff time for you to request your lock to give them time to register the lock prior to the 3pm cutoff time.
My cutoff is 2:30 pm for me to enter the lock.
Rates are locked for 30 days (it says 60 days below, but the extra 30 days is for us to get the loan sold to CalHFA AFTER you get your keys).
Longer term locks are available.
I'm John King, and I've dedicated over 20 years to the mortgage industry. Proudly ranking in the top 1% of mortgage originators since 2015, my passion lies in guiding homebuyers and homeowners achieve their homeownership goals.
JOHN KING - NMLS ID# 453426
855-626-5464 Office
kingteam@johnloanking.com
2220 Douglas Blvd, Suite 220, Roseville, CA 95661
John King Loan Consultant / Branch Manager NMLS ID# 453426, Roseville- Branch NMLS ID# 1008243, Lodi- Branch NMLS ID# 284835, Summit Funding, Inc. NMLS ID# 3199, www.nmlsconsumeraccess.org, Equal Housing Opportunity.
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Last Updated 2/2/2025