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 Return to list of All Loan Programs informational documents CHFA FirstStep and FirstStep Plus Program MatrixCHFA Home Finance Program Comparison CardCHFA Income Limits - For Locks made on or after August 19, 2019 CHFA Second Mortgage Disclosure FAQsCHFA Seller's Guide applicable forms CHFA Form 110: Buydown AgreementCHFA Form 205: Modification of Note and Deed of TrustCHFA Form 220: Tax Exempt Financing Rider (FirstStep and HomeAccess programs only)CHFA Form 305: CHFA Second Mortgage NoteCHFA Form 310: CHFA Second Mortgage Deed of TrustCHFA Form 355A: Second Mortgage Good Faith Estimate (non-amortizing)CHFA Form 355B: Second Mortgage HUD 1A Settlement Statement (non-amortizing)CHFA Form 375: Second Mortgage Documents InstructionsCHFA Form 376: Second Mortgage Loan EstimateCHFA Form 377: CHFA Second Mortgage Closing DisclosureCHFA Form 401: Initial Applicant Affidavit (FirstStep and HomeAccess programs only)CHFA Form 402: Final Applicant Affidavit (FirstStep and HomeAccess programs only)CHFA Form 407: Notice of Recapture Tax to Mortgage Loan BorrowersCHFA Form 704: Change or Cancellation of LockCHFA Form 707: Lock WorksheetCHFA Form 746-2nd: CHFA Second Mortgage Program Compliance Review Submission ChecklistCHFA Form 747-2nd: CHFA Second Mortgage Purchase Review Submission ChecklistCHFA Form 750: CHFA FirstStep Program Compliance Review Submission ChecklistCHFA Form 751: CHFA FirstStep Purchase Review Submission Checklist
