chfa preferred/preferred plus

  • 30-year term purchase and refinance program
  • Conventional loan - Freddie Mac “Home Possible Advantage for HFAs”; Fannie Mae “HFA Preferred
  • Mid credit score of 620 or higher required
  • 3 percent down payment or equity required (may be gift)
  • Down payment assistance available for purchase
  • Low monthly mortgage insurance payments
  • Not subject to Recapture Tax
  • MCC may be used with this program​​​​​