Borrower qualifications vary by program; however there are certain ones that apply in all or most instances:
No first-time homebuyer requirements on most loan programs
CHFA-sponsored homebuyer education required with purchase programs
$1,000 minimum borrower contribution required (may be a gift) on most loan programs
program comparison card
CHFA Program Matrices
In addition to qualifying for the CHFA program guidelines, the borrower must also qualify according to the first mortgage underwriting guidelines determined by the CHFA-approved Lender.