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