Home Participating Lenders

PLAs

An archive of CHFA Participating Lender Announcements shared by CHFA Home Finance.

PLA-2025-01

Change to CHFA HomeAccess Second Mortgage Loan, Disclosures No Longer Provided, Deductible Clarification, Escrows Managed by Participating Lender

PLA-2024-02

CHFA FHA Streamline Refinance program, Condo Project Budgets, Affidavit of Affixation, Loan Assumptions, DPA Uses and Real Estate Agent Fees and Compensation, Delivery of Final Documents

PLA-2024-01

CHFA FirstGeneration and CHFA FirstGeneration Plus Programs, CHFA HomeAccess and CHFA HomeAccess Plus Programs, Lock Extensions, Definitions, Miscellaneous Updates

PLA-2023-02

Lender Approval, Suspension, or Termination, Colorado Open Records Act Disclosure, Down Payment Assistance Amounts, Colorado HFA1sm and Colorado HFA1 Plus, Document Preparation Systems, Escrow Payments

PLA-2023-01

Homebuyer Education, Interest Rates, Loan Flood Certificate, Disclosures, Hazard Insurance Policies, Property Taxes, Miscellaneous Updates

PLA-2022-02

CHFA Seller’s Guide Updates: Fidelity Bond and Mortgage Errors and Omissions Insurance Policy Requirements, Right to Deny or Renew Lender Participation, Minimum Production Requirement, Borrower Participation in Address Confidentiality Program , Lock Period, Extensions, and Expiration Procedures and Fees, Additional Fee Updates

PLA-2022-01

CHFA Seller’s Guide Updates: Appraisals and Single-unit Approvals, Interest Rate Buydowns, Down Payment Assistance, CHFA HomeAccess and CHFA HomeAccess Plus, Loan Delivery, Late Fees, Miscellaneous Updates

PLA-2021-02

​CHFA Seller's Guide, Debarment and Exclusionary Lists, Electronic Signatures, Appraiser Oversight, Data Security Breach, Legal and Regulatory Requirements for Manufactured Homes, IRS Tax Transcripts, Self-employment Documentation, DPA Award Letters, Property Taxes, and Miscellaneous Updates

PLA-2021-01

Signatures, Third-party Originators,CHFA Overlays, Lender Self-service, Expired Locks, CHFA Program Compliance Review, Purchase Reconciliations, Repurchase Liability Period, and Miscellaneous Updates​

​PLA-2020-01

Clarification on total loan amount, Debt-to-income (DTI) limits, Accessory Dwelling Units (ADU) allowed, Well documentation that is no longer required, Property Inspection Waivers (PIW) not acceptable, Clarified Lock Expiration and extension capabilities, Lender self-service features, Tax Return requirements, Mineral endorsement requirements, Miscellaneous technical updates

PLA-2019-02

Added “Lender Communication” section, Deleted references to the CHFA Advantagesm Program, Changed term “Minimum Financial Investment” to “Minimum Borrower Financial Contribution” , Changes to underwriting and CHFA Down Payment Assistance (DPA) options on CHFA Preferredsm Programs, Specified that CHFA will not fund DPA without purchasing the associated CHFA First Mortgage Loan, Reminder to comply with any applicable interest rate caps, Miscellaneous technical updates ​

PLA-2019-01

​Reservation Now Referenced as Lock, Marketing Materials, Mortgage Credit Certificates (MCC), Loan Limits and Purchase Limits, CHFA HomeAccesssm and CHFA SectionEight Homeownershipsm Programs updates, Relocking Loans, Document Errors, Funding and Servicing Transfers Timelines, Miscellaneous Updates

PLA-2018-02

Lender Approval Process and Renewal Requirements, Down Payment Assistance as Principal Reduction, TRID 2.0 Disclosures, CHFA HomeAccess and CHFA SectionEight Homeownership Homebuyer Education, Property Inspections, and Interest Credit Guidelines, Early Payoffs and Service Release Premium, Miscellaneous Updates

PLA-2018-01

​CHFA Seller's Guide Updates, User Consent and eNews Communications, Cisterns, CHFA Second Mortgage Loan Subordination Terms, Interest Rates Availability, Reservation Changes, Transfers, and Cancellations, Calculating Income, First Payment Due Date, Miscellaneous Updates

PLA-2017-04

​Condominium Project Approvals, Uniform Closing Dataset (UCD) Requirements, Specificity Regarding Appraisal Independence Requirements (AIR), Miscellaneous Updates

PLA-2017-03

​Uniform Closing Dataset (UCD) Requirements

PLA-2017-02

​CHFA FirstStep and FirstStep Plus, Gross Household Income and Calculation Methodology, Miscellaneous Updates

PLA-2017-01

​Down Payment Assistance Updates, Borrower Premium Changes, Very Low-Income Program (VLIP) for CHFA Freddie Mac® Programs, Reintroduction of the CHFA MCC Program, Miscellaneous Updates