The information below will assist lenders and escrow companies with questions about loans serviced by the San Diego Housing Commission (SDHC) through programs such as:
- SDHC’s First-Time Homebuyer Programs
- Housing Rehabilitation
- Multifamily Rental Housing Finance
- Affordable For-Sale Housing
In addition, SDHC services loans funded by the County of San Diego’s Homebuyers and Homeowners Programs such as:
- Down Payment and Closing Cost Assistance (DCCA)
- Housing Repair Loan and Grants
If the owner of a property is refinancing a senior mortgage loan, SDHC will subordinate to a rate and term refinance and as long as the senior mortgage loan is seasoned for at least 12 months.
SDHC will allow reasonable closing costs for the refinance to be added to the new loan amount; however, debts, collections, judgments or additional liens cannot be paid off through the refinance.
To request a subordination for City of San Diego loans, submit the required documentation specified on the Subordination Submission Instructions and Checklist to [email protected].
The signed Borrower’s Authorization Form must accompany the submission package.
Please allow 10–15 business days for the subordination request to be reviewed and executed.
Reissued Mortgage Credit Certificate
If the homeowner has a Mortgage Credit Certificate (MCC) issued by SDHC, it will be lost through the refinance.
However, the homeowner may be able to have the MCC reissued – visit http://socalrmcc.com for more information.
SDHC requires a written request for all loan payoff information. Privacy rights and the inherent risks associated with verbal quotations make this policy necessary.
Please send a Request for Demand with a signed Borrower’s Authorization and a Preliminary Title Report to [email protected].
Requests For Short Sale
SDHC will consider a request for short sale based on certain conditions. To request short sale approval for an SDHC loan or grant:
- Complete the Short Sale Form and Checklist.
- Gather the required documents listed in the Short Sale Form and Checklist.
- Have the borrower complete a detailed financial hardship letter, explaining the reason they are requesting the short sale.
- Submit the completed Short Sale Form and Checklist and all required documents to [email protected]
An SDHC loan servicing specialist will review the completed packet. If the SDHC loss is less than $100,000, the approximate time to review a request for a short sale is two weeks. If the SDHC loss is greater than $100,000, up to two months will be needed to present the request to SDHC’s Board of Commissioners for consideration.
For additional inquires, contact the Loan Servicing Department at [email protected].
A Loan Servicing Specialist will review your request and respond as soon as possible. Due to a high volume of calls, we ask that all requests and inquiries be submitted via email.
Forms & Documents
Subordination Request (County of San Diego loans)
Subordination Submission Instructions and Checklist (City of San Diego loans)