chfa smartstep

​CHFA SmartStepsm purchase mortgage program is open to homebuyers that have a mid credit score of 620 or higher. This program features CHFA's lowest mortgage interest rate. You may also add a CHFA Statewide Mortgage Credit Certificate (CHFA MCC) for an annual tax credit
If you qualify, you may also pair CHFA SmartStep with CHFA's down payment and closing cost assistance programs.  

​​​​​​​​chfa smartstep qualifications 

Applicants must meet the following minimum criteria*:

  • Meet income limits​​​
  • Complete a CHFA homebuyer education class (online or in-person) prior to loan closing
  • Contribute a minimum of $1,000 toward the transaction
  • Have a mid credit score of 620 or higher

​​​​* 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.​

down payment assistance​​

CHFA SmartStep Plus has the same feature​s as the CHFA SmartStep program and offers a CHFA Down Payment Assistance Grant (​CHFA DPA Grant) or zero-percent second mortgage loan to help with down payment and/or closing costs.

Find a CHFA Participating Lender


Contact a CHFA Partic​ipating Lender ​to get started on your road​ home.