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Risk Information Score Card (RISC)
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Helping Homeowners Become Successful
RISC Changes Effective with Reservations on or after January 1, 2012
Participating Lenders must complete a RISC Score Card for potential homeowners with loans that are manually underwritten (no matter the credit score) and potential homeowners with credit scores from
620 through 659, where the DTI exceeds 43%. Applicants must successfully pass a CHFA RISC Score Card in order to utilize
any CHFA loan program.
While some applicants do not meet CHFA program requirements at this time, they may be able to qualify later by addressing
some or all of the issues identified on the CHFA RISC, such as increasing their investment in the home, saving money
or utilizing budgeting and/or counseling to improve their readiness to purchase a home and become successful homeowners.
You can access the new January 1, 2012
CHFA RISC and Instructions,
FAQs, and
Lender Collection and Judgment Worksheet.
If you are familiar with the new instructions, access just the new
Score Card.
Have questions about the CHFA RISC? Sign up for our
webinars.
If you have any additional questions about the CHFA RISC, please don’t hesitate to contact Home Finance at:
1.888.320.3688 - Denver
1.800.877.8450 - Western Slope
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| Western Slope Office - 1.800.877.8450 |
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