chfa home finance enews

CHFA has updated its single family loan program income limits. CHFA’s single family loan program income limits are based on limits set by the Department of Housing and Urban Development (HUD) to establish eligibility for participation in HUD’s assisted ho

As a reminder, pursuant to the FHA Single Family Policy Handbook (HUD Handbook 4000.1), FHA does not permit a Mortgage Credit Certificate (MCC) to be used as an offset to a borrower’s total monthly mortgage payment (PITI) for underwriting purposes. Consis

The first event for Housing Forum Colorado is in less than two weeks! Join us on Wednesday, May 17, in Montrose! Click here to register. This CHFA premier event is an opportunity for lenders and real estate professionals* to hear the latest information

Housing Forum Colorado begins on Wednesday, May 17, in Montrose! Click here to register. This CHFA premier event is an opportunity for lenders and real estate professionals* to hear the latest information on federal, state, and local lending programs th

Tax Returns As a reminder, for reservations made on or after the IRS tax filing deadline (April 17, 2017) the borrower’s 2016 tax returns are required. Submission of 2015 tax returns or a filing extension in lieu of 2016 returns is not permitted. Loan Fi

Housing Forum Colorado 2017 begins soon! This CHFA premier event is an opportunity for lenders and real estate professionals* to hear the latest information on federal, state, and local lending programs that could be of benefit to your customers.

We have drafted a Frequently Asked Questions (FAQs) document regarding disclosures for CHFA Second Mortgage Loans. And as always, please contact us if you have additional questions not answered in the FAQs.

CHFA will now permit Participating Lenders to generate their own Loan Estimate and Closing Disclosure for CHFA Second Mortgage Loans. Participating Lenders may choose whether they use the forms made available by CHFA or those generated by their LOS.

CHFA’s new down payment assistance options are now available. Additionally, CHFA is now accepting reservations for its new products for very low-income borrowers and has reintroduced its Mortgage Credit Certificate program. Please consult CHFA Participa

New Down Payment Assistance Options | The Return of MCCs | Other Changes

CHFA is pleased to announce that it will begin accepting reservations for the 2017 CHFA MCCsm program on Monday, March 6, 2017. As a reminder: • All MCCs will be issued with a 20 percent credit rate; • Lenders must use household income to determine elig

The CHFA HomeConnectionsm system will be unavailable from 1:00pm MT on Friday, February 10th, until 9:00am MT on Monday, February, 13th, while the system undergoes maintenance. Lenders will be unable to access the system for any purpose, including: making

The CHFA HomeConnectionsm system will be unavailable from 1:00pm MT on Friday, February 10, until 9:00am MT on Monday, February, 13, while the system undergoes maintenance. Lenders will be unable to access the system for any purpose, including: making res

New Down Payment Assistance Options CHFA is expanding and enhancing its down payment assistance options for purchase loans to give your borrowers more choices. In early March, the following changes will occur: • CHFA DPA Grant Available for up to 4...

CHFA now permits Participating Lenders (PLs) to originate mortgage loans via third-party originators (TPOs). This new flexibility enables you to reach more borrowers who can benefit from CHFA’s unique products through your broker network.

Seller's Guide Changes We’ve recently made some updates to the CHFA Seller’s Guide. Changes of note include: • Further information regarding annual renewal of CHFA Participating Lender approval, including the introduction of a $500 annual renewal fee...

reminder - changes to chfa loan limit and borrower premium January 3, 2017 New Maximum Loan Limit As previously announced, effective for reservations on or after today, January 3, 2017, the maximum loan amount for CHFA loan programs will increase to...

CHFA's Holiday Schedule Friday, December 23 • CHFA will close at Noon MT. • HomeConnectionsm will be available as usual, from 9:30am through 10:00pm MT. Monday, December 26 • CHFA will be closed. • HomeConnection will not be available.

As previously announced on December 1, 2016, effective for reservations on or after January 3, 2017, CHFA will no longer offer a 2 percent Borrower Premium option for purchase loans. This change is only applicable to purchase loans; Borrower Premium optio

In light of recent shifts in the secondary market, CHFA is making some changes to its Borrower Premium option. Effective for reservations on or after January 3, 2017, CHFA will no longer offer a 2 percent Borrower Premium option for borrowers. The 1 per

Effective November 14th, CHFA’s Denver office will temporarily relocate to 7595 Technology Way, Denver CO 80237, while we complete renovations on our existing building. We will return as soon as renovations are complete in Summer 2017.

Effective November 14th, CHFA’s Denver office will temporarily relocate to 7595 Technology Way, Denver CO 80237, while we complete renovations on our existing building. We will return as soon as renovations are complete in Summer 2017.

CHFA always strives to better understand the needs of its customers and partners. Please take a moment to help us by responding to a brief survey about CHFA’s customer service, products, and processes. The survey will remain open until November 9, 2016. C

As previously announced, CHFA will be moving temporarily to a new location while our current offices undergo renovation. As a result, CHFA will close at Noon on Thursday, November 10. CHFA will also be closed in observance of Veterans Day on Friday, Novem

Effective November 14th, CHFA’s Denver office will temporarily relocate to 7595 Technology Way, Denver CO 80237, while we complete renovations on our existing building. We will return as soon as renovations are complete in Summer 2017.

Effective November 14th, CHFA’s Denver office will temporarily relocate to 7595 Technology Way, Denver CO 80237, while we complete renovations on our existing building. We will return as soon as renovations are complete in Summer 2017.

CHFA always strives to better understand the needs of its customers and partners. Please take a moment to help us by responding to a brief survey about CHFA’s customer service, products, and processes. The survey will remain open until November 9, 2016.

Effective November 14th, CHFA’s Denver office will temporarily relocate to 7595 Technology Way, Denver CO 80237, while we complete renovations on our existing building. We will return as soon as renovations are complete in Summer 2017. CHFA’s Denver off

Join CHFA and Fannie Mae to learn about Fannie Mae’s HFA product and how it can help you serve more borrowers. On October 25, 2016, from 2:00pm to 4:00pm, CHFA and Fannie Mae will host a training and feedback session at CHFA's 1981 Blake Street location

Join CHFA and Fannie Mae to learn about Fannie Mae’s HFA product and how it can help you serve more borrowers. On October 25, 2016, from 2:00pm to 4:00pm, CHFA and Fannie Mae will host a training and feedback session at CHFA's 1981 Blake Street location

We’ve recently made some updates to the CHFA Seller’s Guide (Guide). Changes of note include: • Changing CHFA’s lender application fee structure to a single flat fee (see Chapter 1, Section 102.A.2); • Permitting borrowers in CHFA’s Fannie Mae® programs

CHFA has updated its single family mortgage program income limits. CHFA’s single family programs income limits are based on limits set by the Department of Housing and Urban Development (HUD) to establish eligibility for participation in HUD’s assisted ho

New Email Address for Payoff Statements -- Homebuyer Education Updates -- Document Delivery System Online Resources

With the recent drop in interest rates, there’s no better time to refinance your borrowers with CHFA. conventional refinances • 97% LTV • No mortgage insurance for the CHFA Advantagesm Refinance program • Reduced-cost mortgage insurance on CHFA Preferred

CHFA and Freddie Mac will be hosting another live webinar on July 12, 2016, at 11:00am MDT, which will provide detailed information about the Freddie Mac HFA Advantage® Program as implemented by CHFA. Register today for this helpful training webinar and

CHFA and Freddie Mac will be hosting another live webinar on July 12, 2016, at 11:00am MDT, which will provide detailed information about the Freddie Mac HFA Advantage® Program as implemented by CHFA. A registration link will be available very soon.

spread the word about our photo sweepstakes Do you know a CHFA borrower* who closed on their CHFA loan on June 1, 2015 or after? If so, encourage them to enter our photo sweepstakes, #MissionHomePossible.

We’ve recently made some updates to the CHFA Seller’s Guide (Guide). Changes of note include: • Permitting CHFA Participating Lenders to use third party originators in the origination of loans sold to CHFA (see Chapter 1, Section 113); • Elimination of

On May 16, 2016, CHFA began offering Freddie Mac product options through its existing conventional loan programs, CHFA Advantagesm, CHFA Preferredsm, and CHFA Preferred Plussm. CHFA and Freddie Mac will be hosting a live webinar at 11:30am on

On May 16, 2016, CHFA began offering Freddie Mac product options through its existing conventional loan programs, CHFA Advantagesm, CHFA Preferredsm, and CHFA Preferred Plussm.

The U.S. Department of Housing and Urban Development (HUD) Office of the Deputy Secretary announced yesterday a final resolution concerning HUD’s Office of Inspector General (OIG) audit related to certain housing finance agencies’ down payment assistance

Effective today, May 16, 2016, CHFA now offers Freddie Mac product options under its CHFA Advantagesm, CHFA Preferredsm, and CHFA Preferred Plussm programs. Lenders can reserve loans originated in accordance with the Freddie Mac Home Possible Advantage fo

As Colorado lending and real estate professionals, you have a multitude of housing programs to offer your customers. Join us for this educational event to hear about the latest news and products from some of the agencies making homeownership possible in C

CHFA and Freddie Mac will be hosting a live webinar on May 12, 2016, which will provide detailed information about the Freddie Mac HFA Advantage program as implemented by CHFA.

On May 16, 2016, CHFA will begin offering Freddie Mac product options through its existing conventional loan programs, CHFA Advantagesm, CHFA Preferredsm, and CHFA Preferred Plussm. Expanding these programs to include Freddie Mac mortgage loans will enhan

• Changes to Loan Amounts • Current Year Tax Returns • New Affordable Housing Restrictions Approval Certification • Cobranded Marketing Materials Now Available • Technical Updates to the CHFA Seller's Guide • Plan Ahead – CHFA Homebuyer Education Cla

Visit us at the 25th Annual Rocky Mountain Mortgage Lenders Expo at the Denver Marriott DTC on April 13.

• Seller's Guide Updates • MCC Program • Return to Normal Appraisal Policy • Take Advantage of Today's Low Rates with CHFA Refinance Options

We’ve got great news! Effective with reservations made on or after March 14, 2016, CHFA will now accept qualifying income for purposes of meeting CHFA income guidelines for the following programs:

Have you seen CHFA’s rates lately? Now is the time to refinance with CHFA! And, don’t forget—the CHFA Preferredsm and CHFA Advantagesm refi programs can be used to refinance any eligible loan, not just CHFA products.