CHFA eNews: Home Finance
chfa enews - home finance 
  January 13, 2020

debt-to-income limits

Effective for all locks made on or after Monday, March 2, 2020, CHFA will implement a maximum debt-to-income (DTI) limit on all CHFA Mortgage Loan Programs as follows:

  • 50.00% DTI limit for borrowers with a mid FICO of 620 to 659
  • 55.00% DTI limit for borrowers with a mid FICO of 660 or above
In no event may a loan exceed the lower of CHFA’s DTI limit; the DTI limit permitted by FHA, USDA-RD, VA, Fannie Mae, or Freddie Mac; or the DTI limit determined by the Automated Underwriting System (AUS) findings, as applicable.

Loans locked prior to March 2, 2020, will not be affected. However, please keep these new limits in mind as you work with prospective borrowers, as exceptions will not be made after the effective date.

Please contact us should you have questions.

CHFA Home Finance
Homeownership@chfainfo.com
303.297.7376 or 888.320.3688 Denver
970.241.2341 or 800.877.8450 Western Slope
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