Term	Rate
MRB First Step	30 yr	6.250%
MRB First Step with a CHFA 2nd	30 yr	6.500%
Taxable Home Opener	30 yr	6.875%
Taxable Home Opener with a CHFA 2nd	30 yr	7.125%
CHFA HomeStretch	40 yr	7.250%
CHFA HomeStretch with a CHFA 2nd	40 yr	7.500%
FHASecure Refinance	30 yr	6.875%
FHASecure Refinance with a CHFA 2nd	30 yr	7.125%

Attention all lenders:

Please inform your clients who are taking the online homebuyer education that it is meant to be an individual learning experience; therefore, all borrowers must be individually certified, which means each person receiving a loan must complete the appropriate certification course independently.

Homebuyer education can be obtained in either the classroom setting or by taking CHFA’s class on line. Some mortgage insurance companies provide a reduction in the mortgage insurance premium if the borrower participates in classroom homebuyer education. This online class will meet all of CHFA’s requirements; however, it may not meet the educational requirements of mortgage insurance companies or other down payment assistance programs. Please discuss this issue with borrowers to determine which educational setting, on line or classroom, will meet the requirements of the loan programs in which they are participating.

Please remind your coworkers to signup for the Home Finance eNews or Loan Rates Updates. Simply click the Forward Email link at the bottom of this email to pass this information along to others. Everyone in your company can subscribe if interested, and you can unsubscribe at any time.