chfa sectioneight homeownership ​program highlights: 30-year fixed rate FHA 203(b) or USDA-RD purchase loans only Restricted to first-time homebuyers or qualified veterans Borrower must be receiving Section 8 assistance from an approved Section 8 agency (agency must approve voucher to be used for homeownership) CHFA DPA Grant or CHFA DPA Second Mortgage Loan available for assistance with down payment, closing costs, and prepaids Income 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 See matrix below for further details Return to list of All Loan Programs informational documents CHFA SectionEight and SectionEight Plus Homeownership Program MatrixCHFA SectionEight Homeownership and CHFA SectionEight Homeownership Plus Income LimitsCHFA Seller's Guide applicable forms Automatic Payment Program (ACH Authorization)CHFA Form 205: Modification of Note and Deed of TrustCHFA Form 230M: Non-MERS AssignmentCHFA 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 700S: CHFA SectionEight Program Compliance Review Submission ChecklistCHFA Form 700S-2nd: CHFA SectionEight Second Mortgage Program Compliance Review Submission ChecklistCHFA Form 701: Income Computation WorksheetCHFA Form 702S: CHFA SectionEight Purchase Submission Review ChecklistCHFA Form 702S-2nd: CHFA SectionEight Second Mortgage Purchase Submission ChecklistCHFA Form 704: Change or Cancellation of LockCHFA Form 707: Lock WorksheetCHFA Form 709: HomeAccess/CHFA SectionEight Homeownership First Pay LetterCHFA Form 716H: CHFA HomeAccess and CHFA SectionEight Authorization for Release of InformationCHFA Form 717H: CHFA HomeAccess and CHFA SectionEight Contact InformationCHFA Form 719: Veteran Waiver Affidavit for First Time Homebuyer Status (FirstStep, HomeAccess, and SectionEight programs only)CHFA Form 738: Post Closing Review Submission ChecklistCHFA Form 746-2nd: CHFA Second Mortgage Program Compliance Review Submission ChecklistCHFA Form 747-2nd: CHFA Second Mortgage Purchase Review Submission ChecklistCHFA Form 780: Affordable Housing Restrictions Approval Certification
