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 JumpStart Tax Credit Program
• CHFA HomeAccess
• CHFA SectionEight Homeownership Program
• Hardship Refinance
• Mortgage Credit Certificate (MCC)
• Reissued Mortgage Credit Certificate
• City of Boulder and CHFA Covenants Agreement

CHFA HomeOpener and CHFA HomeOpener Plus

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 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 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 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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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.

Mortgage 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

Reissue 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

City 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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