reduction in dpa amounts



​February 19, 2019

​Due to current market conditions, CHFA is making adjustments to its down payment assistance (DPA) options. The following CHFA DPA options will be available for new loans locked on or after April 1, 2019: 

CHFA DPA Grant Option

    • May not exceed 3 percent (previously 4 percent) of the CHFA First Mortgage Loan amount

CHFA Second Mortgage Loan Option

    • May not exceed 4 percent (previously 5 percent) of the CHFA First Mortgage Loan amount

Loans locked prior to April 1, 2019, will not be affected. However, please note that exceptions will not be made. For example, if a lender cancels a lock made prior to April 1, 2019 and then requests a relock on a new property on or after April 1, 2019, the lock is subject to new DPA levels.

Please contact us should you have questions.

CHFA Home Finance
CustomerService@chfainfo.com
303.297.7376 or 888.320.3688 Denver
970.241.2341 or 800.877.8450 Western Slope