Home Loan Payoff
The City of San José processes requests for payoff demands of existing homebuyer and home repair loans, and affordability restrictions (i.e., equity-share agreements). The payoff demand processing fee is paid in escrow.
|Single Family Administration|
|Re-Subordination of CalHFA Subordinate loans||p: 800.669.1079||f: 916.326.6420|
|Servicing of Subordinate Loans and Loan Payoff Demands||p: 800.669.1079||f: 916.326.6420|
MOHCD Loan Payoff
Information for lenders
MOHCD loans can be paid off before the loan term ends. Normally, this happens when the owner sells their home, or violates our program requirements.
To request a payoff
- Complete the Loan Payoff Request Package
- The borrower must complete the authorization and W-9, contained in the package
- Some loan programs also require a fair market appraisal. See requirements for the appraisal »
- Compile the form and required documents into one PDF file.
Upload your documents with Sharefile
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There are many reasons a homeowner wanted to payoff their mortgage loans. There is tax incentives to not payoff your home loan.
But if you already paid up the balance of your home loan, you can still use your current savings (IRA, etc) or do a reverse mortgage to buy a personalized pension (fixed Index annuity) and or a life insurance with living benefits, access of your face amount during terminal, critical or chronic illness.