CHFA believes in responsible, affordable homeownership. Through our statewide network of Participating Lenders, we offer:
General Program Requirements
The following are some of CHFA’s general requirements:
All borrowers have a mid-credit score of 620 or higher
Total borrower income must not exceed CHFA’s income limits
Attend a CHFA-approved homebuyer education class (in person or on-line) prior to loan closing
Make a minimum borrower financial contribution of at least $1,000 toward the purchase of the home
In addition to meeting CHFA program requirements, borrowers must qualify according to the underwriting guidelines as determined by one of CHFA’s Participating Lenders.
Important next steps
Buying a home is a big commitment and CHFA understands you might feel overwhelmed. A great place to start is to learn the eight steps to homeownership and the basic requirements in using one of CHFA’s home mortgage loan programs. Attend this short webinar to start your homeownership journey.|
*Important: This webinar does not meet CHFA's homebuyer education certification requirement. This webinar is merely an introduction into the homebuying process.
January 26, 4:30pm to 5:30pm||
|Live Webinar||February 9, Noon to 1:00pm||Register online|
|Live Webinar||February 22, 4:30pm to 5:30pm||Register online|
|Live Webinar||March 8, Noon to 1:00pm||Register online|
|Live Webinar||March 24, 4:30pm to 5:30pm||Register online|