chfa homeaccess qualifications
Applicants must meet the following minimum criteria*:
Be a first time homebuyer*
Have a permanent disability (as defined by the Social Security Administration)
income limits, including SSI or SSDI
Contribute a minimum of $750 of borrower's own funds (or gift funds) towards the purchase of the home; may be reduced to $500 if borrower opts to use CHFA’s Automated Clearing House (ACH) payment program for future mortgage payments
Have a mid credit score of 620 or higher
Complete CHFA-approved homebuyer education class (online or in-person) prior to signing a purchase contract
Contact a CHFA approved HomeAccess loan officer
Individuals with disabilities receiving a HAP or Section 8 payment should inquire about the
CHFA SectionEightsm Homeownership program.
* In addition to qualifying for the CHFA program guidelines, you must also qualify according to the first mortgage underwriting
guidelines as determined by your CHFA Participating Lender.
**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.