closing cost assistance CHFA’s Borrower Premium program helps you reduce your up-front out-of-pocket expenses when buying or refinancing a home. Page Image Image Caption Page ContentLet CHFA help you finance the closing costs associated with your new home purchase or mortgage refinance. CHFA’s optional Borrower Premium program gives your lender a credit in the amount of either 1 or 2 percent of your first mortgage loan amount. Your lender will apply this credit towards the closing costs you owe on your CHFA first mortgage, reducing the amount of money that you will have to bring to the closing table. Higher interest rates apply. applicable programsCHFA’s Borrower Premium program is only available through authorized CHFA Participating Lenders and may only be paired with the following CHFA loan programs: CHFA AdvantagesmCHFA Advantagesm RefinanceCHFA Preferredsm/CHFA Preferred PlusCHFA SmartStepsm/CHFA SmartStep PlusCHFA HomeOpenersm/CHFA HomeOpener PluscontactContact a CHFA Participating Lender to learn more.