As the new calendar year approaches, please ensure that your company is complying with CHFA's requirements for payment of property taxes. These requirements are as follows:
- For any purchase or refinance loan closed in the prior year and purchased by CHFA on or after January 26, 2018, Participating Lenders are responsible at minimum for the payment of the first half of required 2017 property taxes and all prior years' taxes due.
- For any purchase loan closed on or after January 1, 2018, all prior year(s) property taxes must be paid at the time of closing.
- For any refinance loan dispersed on or after January 1, 2018 and purchased by CHFA on or after January 26, 2018, Participating Lenders are responsible at minimum for the payment of the first half of required 2017 property taxes and all prior years' taxes due.
- CHFA will require proof of property tax payments prior to loan purchase.
| ≥2017 | Purchase or Refinance | On or After 1/26/18 | First half of required 2017 taxes including any outstanding balance from previous years' |
| 2018 | Purchase | On or after 1/1/2018 | 2017 taxes must be paid in full including any outstanding balance from previous years' |
| 2018 | Refinance
| On or After 1/26/18 | First half of required 2017 taxes including any outstanding balance from previous years' |
Please contact us with any questions or for more information.
CHFA Home Finance
303.297.7376 or 888.320.3688 Denver
970.241.2341 or 800.877.8450 Western Slope
