CHFA eNews: Home Finance
chfa enews - home finance 
  February 17, 2020

sunsetting march 2, 2020: chfa refinance mortgage loans

Effective March 2, 2020, CHFA will no longer offer a refinance option.

The CHFA FHA Streamline Refinance Program and CHFA Preferredsm Refinance Program will no longer be available to new or existing CHFA borrowers.

Any refinance loan locked in HomeConnectionsm prior to March 2, 2020 will not be affected.

As you work with potential borrowers, please ensure that they are aware of the requirements for utilizing a CHFA Second Mortgage Loan. CHFA will no longer have an option to subordinate the CHFA Second Mortgage Loan. Should a borrower with a CHFA Second Mortgage Loan wish to refinance, they must pay the CHFA Second Mortgage Loan back to CHFA in full upon refinancing the CHFA First Mortgage Loan.

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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