Wednesday, February 27, 2008


CalHFA (California Housing Finance Agency) has one of the only 100% Financing programs still available...that is the good news. The bad news? Their underwriting timelines as of right now are 10+ BUSINESS DAYS. Normal underwriting timelines for conventional financing are a few days.

I have a listing that was supposed to close escrow on Friday, and because the buyer is using CalHFA programs, the close is going to be delayed about 2 weeks. Boo!

I have a buyer in contract right now, and same thing - 2 weeks for underwriting.

I suppose good things must come to those who wait?

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