chfa smartstep/chfa smartstep plus program highlights: 30-year fixed rate FHA, VA, USDA-RD purchase loans only CHFA DPA Grant or CHFA DPA Second Mortgage Loan available for assistance with down payment, closing costs, and prepaids Income limits apply (see income and purchase price limits below) Program eligibility is subject to lender’s loan qualifying 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 Home Finance Program Comparison CardCHFA Income Limits - For Locks made on or after August 19, 2019 CHFA Seller's GuideCHFA SmartStep and SmartStep Plus Program Matrix applicable forms CHFA Form 110: Buydown AgreementCHFA 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 704: Change or Cancellation of LockCHFA Form 707: Lock WorksheetCHFA Form 719: Veteran Waiver Affidavit for First Time Homebuyer Status (FirstStep, MCC, HomeAccess, and SectionEight programs only)CHFA Form 738: Post Closing Review Submission ChecklistCHFA Form 746: CHFA SmartStep Program Compliance Review Submission ChecklistCHFA Form 746-2nd: CHFA Second Mortgage Program Compliance Review Submission ChecklistCHFA Form 747: CHFA SmartStep Purchase Review Submission ChecklistCHFA Form 747-2nd: CHFA Second Mortgage Purchase Review Submission ChecklistCHFA Form 780: Housing Restrictions Approval Certification
