chfa home finance enews

Lender Basics (Loan Officers) Live webinar • May 4 • 10:00am Learn about CHFA programs in this two hour class. Strongly recommended for loan officers. To register, please click here. Lender Basics (Loan Officers) Live webinar • May 19 • Noon To register, please click here. Lender Basics (Loan Officers) Live webinar • May 19 • Noon Learn about CHFA programs in this two hour class. Strongly recommended for loan officers.

As you’ve noticed, CHFA interest rates have been changing due to the market. It’s important to remember CHFA’s policies and procedures.

CHFA is pleased to announce the publication of a revised and updated CHFA Seller’s Guide. This version is a comprehensive update of the guide and incorporates recent CHFA program and process changes.

CHFA does not always require tax returns; read important reminders below for details. When tax returns are required, CHFA will require a 2021 tax return for loans locked on or after April 18, 2022. A full transcript or a copy of the filed tax

Lender Basics (Loan Officers)Live webinar • April 5 • 10:00am Learn about CHFA programs in this two hour class. Strongly recommended for loan officers. To register, please click here. Lender Basics (Loan Officers)Live webinar • April 21 • 2:00pm

Join Freddie Mac®; CHFA Home Finance Business Development Manager, Paige Omohundro; and other representatives from the housing finance agency ecosystem for a robust panel discussion.

CHFA’s 2021 Community Report is now available. In the report, learn how CHFA invested $3.1 billion to support affordable housing and community development in 2021.

Effective for locks made on or after March 7, 2022, CHFA will no longer allow temporary interest rate buydowns. CHFA has never allowed permanent interest rate buydowns, but this change will now include temporary interest rate buydowns as well.

Applications for CHFA’s Direct Effect Awards are due today, February 28 by 11:59pm MT. Don’t miss this opportunity to apply for an award for your nonprofit.

Applications for CHFA’s Direct Effect Awards are due Monday, February 28th by 11:59pm MT. Direct Effect Awards are an opportunity for CHFA to recognize and support Colorado nonprofits whose missions align with our work to strengthen Colorado by investing in affordable housing and community development.

Join HUD, as they host a panel discussion about equity in homeownership, best practices to achieve homeownership, and enforcement of fair housing and fair lending laws. CHFA will be sharing our outreach efforts to Hispanic/Latinx and Black and

All CHFA staff will be participating in our annual staff meeting on Friday, February 11, 2022. CHFA’s HomeConnectionsm system will remain operational, allowing lenders to lock new loans and upload documents.

Below is a list of 2022 holidays affecting CHFA Home Finance operations. On days when CHFA is closed, lenders will be able to submit documents; however, loan locks, processing of documents, file check-ins and reviews, and

CHFA is pleased to announce the application for the first round of 2022 Direct Effect Awards is now open. Direct Effect Awards are an opportunity for CHFA to recognize and support Colorado nonprofits whose missions align with our work to strengthen

CHFA wants to alert you to common errors we see on our CHFA Preferred conventional programs.•Lock the proper CHFA Preferred ProgramPlease ensure you select the right lock as CHFA Preferred Freddie Mac® and CHFA Preferred Fannie Mae loans

CHFA would like to thank all our Participating Lenders for their continued support and dedication to Colorado homebuyers, especially in such a challenging year. With the help of our 118 active Participating Lenders, CHFA was able to help

CHFA is grateful to our community partners for coming together to raise recovery funds for those impacted by the devastating Boulder County fires. CHFA made an initial $25,000 donation to the Community Foundation of Boulder County.

CHFA had a successful 2021 and we’d love to hear from you! CHFA is interested in hearing: • how you helped a homebuyer with CHFA’s program(s), and • from homeowners directly if they are willing to be interviewed by CHFA.

For any loan closed in the prior year and purchased by CHFA after January 28th of every year, Participating Lenders are responsible at a minimum for the payment of the first half of required prior year’s property taxes and all previous years’ taxes due.

Effective for locks made on or after January 3, 2022, use the lower of $647,200 or the applicable 2022 program loan limit determined by FHA, VA, USDA-RD, Fannie Mae, or Freddie Mac® plus financed MI, MIP, VA Funding Fee, USDA-RD Guarantee Fee, or 203(k)

CHFA is now making a distinction and providing clarity by implementing a Service Release Premium Adjustment Fee. A Service Release Premium Adjustment Fee may be charged if a Lock expires and the Mortgage Loan has not been sold to CHFA, and for which the

Lender Basics (Loan Officers) Live webinar • January 4 • 10:00am Learn about CHFA programs in this two hour class. Strongly recommended for loan officers.  To register, please click here. Lender Basics (Loan Officers) Live webinar • January 20 • 2:00pm

For any loan closed in the prior year and purchased by CHFA after January 28th of every year, Participating Lenders are responsible at a minimum for the payment of the first half of required prior year’s property taxes and all previous years’ taxes due.

Effective for locks made on or after January 3, 2022, use the lower of $647,200 or the applicable program loan limit determined by FHA, VA, USDA-RD, Fannie Mae, or Freddie Mac®. The loan limit includes financed MI, MIP, VA Funding Fee, USDA-RD Guarantee

CHFA has updated its Seller’s Guide with the language in bold below, to provide further clarification relating to its title policy requirements. The Date of Policy should be no earlier than the date and time of recording of the First Deed of Trust,