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