chfa firststep/chfa firststep plus

program highlights:

  • 30-year fixed rate FHA 203(b) purchase loans only
  • Restricted to first-time homebuyers, qualified veterans, and non-first-time homebuyers purchasing in targeted areas
  • CHFA DPA Second Mortgage Loan available for assistance with down payment, closing costs, and prepaids
  • Income and purchase price limits apply
  • Program eligibility is subject to CHFA's gross annual income calculation
  • Minimum decision credit score of 620 or higher for all scored borrowers; borrowers with no credit score permitted
  • Subject to the Federal Recapture Tax provision
  • Cannot be combined with any MCC program
  • See matrix below for further details