chfa loan programs

​​​​​​​​​​​​​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 contributio​n required (may be a gift) on most loan programs

​​​​​​​​​​​​​chfa dti requirements

​​No credit scores or manually underwritten loan ​ Maximum DTI 50%
​Credit scores 620 - 659 Maximum DTI 50% 
​​​​Credit score 660+ Maximum DTI 55% with DU Approve/Eligible or LP Accept

program comparison card

home finance program comparison chart home finance program comparison chart
    • ​​​​​​For a printable version click here​.

CHFA Program Matrices​​



please note
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 Participating Lender.  


approved private mortgage insurance companies