chfa firststep/firststep plus

  • Available for purchase loans only 
  • Restricted to first-time homebuyers, qualified veterans, and non-first-time homebuyers purchasing in targeted areas 
  • Separate income and purchase price limits apply 
  • Program eligibility is subject to CHFA's household income calculation (see matrix for details) 
  • Only available for FHA 203(b) mortgage loans 
  • Minimum decision credit score for all scored borrowers of 620+; borrowers with no credit score permitted 
  • CHFA Second Mortgage available for assistance with down payment, closing costs, and prepaids
  • First and Second mortgage may be subject to the Federal Recapture Tax provision