To meet the needs of a broad spectrum of buyers, CHFA offers a variety of programs. Click on each of the programs below to find corresponding descriptions, directives, and income and purchase price limits. Forms are available in HomeConnection on an individual loan basis. Access a specific loan to see the applicable forms.
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CHFA HomeOpener and CHFA HomeOpener Plus
CHFA HomeOpener and CHFA HomeOpener Plus are statewide first mortgage programs available to homebuyers. There are no purchase price limits or
First Time Homebuyer requirements, and mortgage loans originated in these programs are not subject to the Recapture Tax provision. The CHFA Second Mortgage Loan may not be used with the CHFA HomeOpener program; however, the CHFA HomeOpener Plus program includes the CHFA Second Mortgage Loan to assist with down payment and closing costs.
CHFA HomeOpener Program Matrix
CHFA HomeOpener Plus Program Matrix
Income
Limits
CHFA Form 110 Buydown Agreement
CHFA Form 205 Modification of Promissory Note and Deed of Trust
CHFA Form 331A Second Mortgage (Interest Bearing) Initial Truth-in-Lending Disclosure Statement
CHFA Form 331b Second Mortgage (Interest Bearing) Final Truth-in-Lending Disclosure Statement
CHFA Form 332 Second Mortgage (Interest Bearing) Good Faith Estimate
CHFA Form 701 Income Computation Worksheet
CHFA Form 704 Change or Cancellation of Reservation
CHFA Form 735 Document Checklist
CHFA HomeOpener and CHFA HomeOpener Plus forms are available in HomeConnection on an individual loan basis. Access a specific loan to see the applicable forms.
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CHFA JumpStart Tax Credit Program
CHFA JumpStart Tax Credit Program is a statewide First and Second Mortgage Loan Program available to First Time Homebuyers. There are purchase price limits and income limits. Mortgage Loans originated in this Program are not subject to Recapture Tax provisions. The CHFA JumpStart Second Mortgage Loan may be used for down payment and/or closing costs.
CHFA JumpStart Tax Credit Program Matrix
CHFA JumpStart Tax Credit Program Directive
Income and Purchase Price Limits
CHFA Form 110 Buydown Agreement
CHFA Form 205 Modification of Promissory Note and Deed of TrustCHFA Form 362 CHFA JumpStart Second Mortgage Good Faith Estimate
CHFA Form 365 CHFA JumpStart Second Mortgage Note
CHFA Form 366 CHFA JumpStart Second Mortgage Deed of Trust
CHFA JumpStart Second Mortgage Initial and Final Truth-in-Lending Instructions
CHFA Form 461 CHFA JumpStart Second Mortgage Loan Initial Applicant Affidavit
CHFA Form 462 CHFA JumpStart Second Mortgage Loan Final Applicant Affidavit
CHFA Form 701 Income Computation Worksheet
CHFA Form 704 Change or Cancellation of Reservation
CHFA Form 735 Document Checklist
CHFA Form 738, CHFA HomeOpener, CHFA HomeOpener Plus, CHFA JumpStart,
and Hardship Refinance Post Closing Voucher
CHFA Form
760 CHFA JumpStart Compliance Voucher
CHFA Form 763, CHFA JumpStart Purchase Voucher
CHFA
Form 912 Borrower Information Sheet
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CHFA HomeAccess
First
Time Homebuyers who are disabled or the parent(s) of disabled children may be eligible for
CHFA HomeAccess. A First Time Homebuyer is defined by CHFA as one who has not had an ownership interest in a primary residence for the three years prior to the mortgage loan closing. First mortgage
and Second mortgage loans originated in this program may be subject to the recapture tax provision.
This program has income and purchase price limits. This program has very limited funding - please contact Home Finance at
888.320.3688 for current funds availability.
HomeAccess Program Matrix
Income and
Purchase Price Limits
CHFA Form 205 Modification of Promissory Note and Deed of TrustCHFA Form 220 Tax Exempt
Financing Rider
CHFA Form 301A HomeAccess Second Mortgage
Initial Truth-in-Lending Disclosure Statement
CHFA Form 301B HomeAccess Second Mortgage Final Truth in Lending
CHFA Form 302H HomeAccess Second Mortgage Good Faith Estimate
CHFA Form 305H HomeAccess Second Mortgage Note
CHFA Form 310H HomeAccess Second Mortgage Deed of Trust
CHFA Form 401 Initial Applicant Affidavit
CHFA Form 402 Final Applicant Affidavit
CHFA Form 404 Seller Affidavit
CHFA Form 700H Credit Review Submission Voucher and File Order
CHFA Form 701 Income Computation Worksheet
CHFA Form 702A Pre-Funding Submission Voucher
CHFA Form 702B Post-Funding Submission Voucher
CHFA Form 704 Change or Cancellation of Reservation
CHFA Form 709 HomeAccess/CHFA SectionEight
Homeownership First Pay Letter
CHFA Form 715H Automatic Payment Authorization
CHFA Form 716H Authorization for Release of Information
CHFA Form 717H Contact Information
CHFA Form 738 Post Closing Submission Voucher
HomeAccess forms are available in HomeConnection on an individual
loan basis. Access a specific loan to see the applicable forms.
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CHFA SectionEight Homeownership Program
Homebuyers who receive Housing Assistance Payments (HAP) from Public Housing
Authorities (PHA) are approved by the PHA to participate in their homeownership
programs may be eligible for CHFA SectionEight Homeownership Program. There are purchase price limits
and income limits. Mortgage Loans originated in this Program are not subject to
Recapture Tax provisions. The CHFA SectionEight Plus Second Mortgage Loan may be
used for down payment and/or closing costs.
Income and Purchase Price Limits
CHFA
SectionEight and SectionEight Plus Homeownership Programs Matrix
CHFA Form 205 Modification of Promissory Note and Deed of Trust
CHFA
Form 306 Second Mortgage (Interest Bearing) Promissory Note
CHFA
Form 311 Second Mortgage (Interest Bearing) Deed of Trust
CHFA Form 331A Second Mortgage
(Interest Bearing) Initial Truth-In-Lending Disclosure
CHFA Form 331B
Second Mortgage (Interest Bearing) Final Truth-In-Lending Disclosure
CHFA Form 332
Second Mortgage (Interest Bearing) Good Faith Estimate
CHFA Form 700S Credit Review Submission Voucher
CHFA Form 701 Income Computation Worksheet
CHFA Form 702A Pre-Funding Submission Voucher
CHFA Form 702B Post-Funding Submission Voucher
CHFA Form 704 Change or Cancellation of Reservation
CHFA Form 709 HomeAccess/CHFA SectionEight
Homeownership First Pay Letter
CHFA Form 715H Automatic Payment Authorization
CHFA Form 716H Authorization for Release of Information
CHFA Form 717H Contact Information
CHFA Form 738 Post Closing Submission Voucher
CHFA Form 739 Second Mortgage First
Pay Letter
CHFA SectionEight Homeownership forms are available in HomeConnection on an individual
loan basis. Access a specific loan to see the applicable forms.
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Hardship Refinance
CHFA’s statewide Hardship Refinance program helps individuals facing foreclosure because of a temporary and unforeseen financial crisis. It provides a one time opportunity for qualifying borrowers to pay off their existing delinquent mortgage and establish a new 30-year, conventionally uninsured first mortgage.
Program Matrix
Income and purchase price limits
Check List
Sample Counselor Letter
Program Documents and Stages
Fact Sheet
HUD-approved Housing Counselors
CHFA Form 205 Modification of Promissory Note and Deed of Trust
CHFA Form 701 Income Computation Worksheet
CHFA Form 704 Change or Cancellation of Reservation
Hardship Refinance forms are available in HomeConnection on an individual loan basis. Access a specific loan to see the applicable forms.
back to topMortgage Credit Certificate (MCC)
Through this program, homeowners can take a 20% credit against their federal income tax liability and an 80% deduction for mortgage interest paid. There are purchase price and income limits depending in which county the certificate is issued.
San Miguel County
$9.4 million available.
San Miguel Directive
Document List
MCC-2: Initial Applicant and Lender Affidavit
MCC-3: Income Tax Affidavit
MCC-6: Seller Affidavit
MCC-7: Final Applicant and Lender Affidavit
MCC-9A: Compliance Approval Submission Voucher and File Order
MCC-9B: Final Certificate Submission Voucher And File Order
MCC-12: Gross Household Income Computation Worksheet
MCC-14: Notice Of Recapture Tax To Mortgage Loan Applicants
MCC-15: Reservation Worksheet
MCC-17: Change Or Cancellation Of Reservation
MCC-18: Lender Information
back to topReissue Mortgage Credit Certificates (MCCs)
Designed to reissue Mortgage Credit Certificates (MCCs) to current MCC holders who refinance their original mortgage loan, this program allows holders to maintain their federal tax credit, as long as they reside in the home as their principal residence.
Directive
Program requirements
Lender Letter for IRS form 8329
MCC-19
back to topCity of Boulder and CHFA Covenants Agreement
Agreement Regarding Affordable Housing Covenants (between CHFA and the City of Boulder)
Acknowledgement of Receipt of a Copy of Agreement
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