CHFA: Programs and Forms

Programs and Forms

Program Comparison Card

View side-by-side program comparisons and learn CHFA program tips.

Select a program name from the dropdown menu below to find corresponding highlights, matrices, income limits, and forms. Forms are also available in CHFA HomeConnection^sm on an individual loan basis.

CHFA FirstStep and FirstStep Plus Program Matrix

Tips to Understanding CHFA FirstStep

CHFA HomeAccess Program Matrix

CHFA Preferred/CHFA Preferred Plus Matrix

CHFA Preferred VLIP Program Matrix

CHFA Private Mortgage Insurance (PMI) Coverage

CHFA SmartStep and SmartStep Plus Program Matrix

CHFA SectionEight and SectionEight Plus Homeownership Program Matrix

CHFA SectionEight Homeownership and CHFA SectionEight Homeownership Plus Income Limits

CHFA Home Finance Program Comparison Card

CHFA Income Limits

CHFA Second Mortgage Disclosure FAQs

CHFA Seller's Guide

Automatic Payment Program (ACH Authorization)

CHFA Form 205: Modification of Note and Deed of Trust

CHFA Form 220: Tax Exempt Financing Rider (FirstStep and HomeAccess programs only)

CHFA Form 230M: Non-MERS Assignment

CHFA Form 305H: HomeAccess Second Mortgage Note

CHFA Form 307: CHFA Subordinate Note

CHFA Form 314: CHFA Subordinate Deed of Trust

CHFA Form 311H: HomeAccess Second Mortgage Deed of Trust

CHFA Form 375: Second Mortgage Documents Instructions

CHFA Form 376: Second Mortgage Loan Estimate

CHFA Form 377: CHFA Second Mortgage Closing Disclosure

CHFA Form 380: CHFA HomeAccess Second Mortgage Instructions

CHFA Form 381: CHFA HomeAccess Second Mortgage Loan Estimate

CHFA Form 382: CHFA HomeAccess Second Mortgage Closing Disclosure

CHFA Form 401: Initial Applicant Affidavit (FirstStep and HomeAccess programs only)

CHFA Form 402: Final Applicant Affidavit (FirstStep and HomeAccess programs only)

CHFA Form 407: Notice of Recapture Tax to Mortgage Loan Borrowers

CHFA Form 700H: CHFA HomeAccess Program Compliance Review Submission Checklist

CHFA Form 700H-2nd: CHFA HomeAccess Second Mortgage Compliance Review Submission Checklist

CHFA Form 700S: CHFA SectionEight Program Compliance Review Submission Checklist

CHFA Form 700S-2nd: CHFA SectionEight Second Mortgage Program Compliance Review Submission Checklist

CHFA Form 702H: CHFA HomeAccess Purchase Review Submission Checklist

CHFA Form 702H-2nd: CHFA HomeAccess Second Mortgage Purchase Review Submission Checklist

CHFA Form 702S: CHFA SectionEight Purchase Submission Review Checklist

CHFA Form 702S-2nd: CHFA SectionEight Second Mortgage Purchase Submission Checklist

CHFA Form 704: Change or Cancellation of Lock

CHFA Form 707: Lock Worksheet

CHFA Form 709: HomeAccess/CHFA SectionEight Homeownership First Pay Letter

CHFA Form 718: Single Family Loan Servicing Authorization to Communicate to a Third Party

CHFA Form 719: Veteran Waiver Affidavit for First Time Homebuyer Status (FirstStep, HomeAccess, and SectionEight programs only)

CHFA Form 738: Post Closing Review Submission Checklist

CHFA Form 746-2nd: CHFA Second Mortgage Program Compliance Review Submission Checklist

CHFA Form 747-2nd: CHFA Second Mortgage Purchase Review Submission Checklist

CHFA Form 750: CHFA FirstStep Program Compliance Review Submission Checklist

CHFA Form 751: CHFA FirstStep Purchase Review Submission Checklist

CHFA Form 770: Condo Project Approval Certification (Conventional Loans only)

CHFA Form 780: Affordable Housing Restrictions Approval Certification

CHFA Form 791: CHFA Preferred Lock to Purchase Review Submission Checklist

CHFA Form 792: CHFA SmartStep Lock to Purchase Review Submission Checklist

CHFA Form 792-2nd: CHFA Second Mortgage Lock to Purchase Review Submission Checklist

CHFA Form 950: Request for Recapture Tax Reimbursement

CHFA Payment History Request Form

CHFA Payoff Request Form

MCC Savings Tax Example - IRS Form 1040

MCC-18

MCC-19: Reissuance Application and Affidavit

Participating Lender Pre-Application Questionnaire

RMCC Program Directive

Third-Party Authorization Form

CHFA FirstStep^sm and CHFA FirstStep Plus^sm Program Highlights

Low interest rate → Additional guidelines → Pre-closing program compliance review required

Learn about the CHFA overlays for the program before getting started.

Restricted to first-time homebuyers, qualified veterans, or non-first-time homebuyers purchasing in targeted areas (see CHFA Seller's Guide for definitions)
30-year fixed rate FHA 203(b) purchase loans only
Minimum decision credit score of 620 or higher for all scored borrowers; borrowers with no credit score permitted
CHFA DPA Second Mortgage Loan available for assistance with down payment, closing costs, and prepaids
Income and purchase price limits apply
Program eligibility is subject to CHFA's gross annual income calculation
Subject to the Federal Recapture Tax provision
Cannot be combined with any MCC program
See matrix below for further details

CHFA Preferred^sm/CHFA Preferred Plus^sm Program Highlights:

30-year fixed rate Fannie Mae “HFA Preferred” or Freddie Mac “HFA Advantage” purchase loans only (97% LTV/ 105% CLTV)
CHFA DPA Second Mortgage Loan available for assistance with down payment, closing costs, and prepaids
Income limits apply (see income limits below)
Program eligibility is subject to lender’s loan qualifying income calculation
Minimum decision credit score of 620 or higher for all scored borrowers
Charter level PMI coverage capped at 18% for borrowers with incomes at or below 80% AMI (CHFA-approved PMI providers)
See matrix below for further details

CHFA Preferred^sm Very Low Income Program (VLIP) Program Highlights

30-year fixed rate Freddie Mac “HFA Advantage” purchase loans (97% LTV/ 105% CLTV)
CHFA DPA Second Mortgage Loan available for assistance with down payment, closing costs, and prepaids
Lower income limits apply (see income limits below)
Program eligibility is subject to lender’s loan qualifying income calculation
Minimum decision credit score of 620 or higher for all scored borrowers
Charter level PMI coverage capped at 18% (CHFA-approved PMI providers)
See matrix below for further details

CHFA SectionEight^sm Homeownership and CHFA SectionEight^sm Homeownership Plus Program Highlights

30-year fixed rate FHA 203(b) or USDA-RD purchase loans only
Restricted to first-time homebuyers or qualified veterans
Borrower must be receiving Section 8 assistance from an approved Section 8 agency (agency must approve voucher to be used for homeownership)
CHFA DPA Grant or CHFA DPA Second Mortgage Loan available for assistance with down payment, closing costs, and prepaids
Income limits apply
Program eligibility is subject to CHFA's gross annual income calculation
Minimum decision credit score of 620 or higher for all scored borrowers; borrowers with no credit score permitted
See matrix below for further details

CHFA SmartStep^sm and CHFA SmartStep Plus^sm Program Highlights

30-year fixed rate FHA, VA, USDA-RD purchase loans only
CHFA DPA Grant or CHFA DPA Second Mortgage Loan available for assistance with down payment, closing costs, and prepaids
Income limits apply (see income and purchase price limits below)
Program eligibility is subject to lender’s loan qualifying income calculation
Minimum decision credit score of 620 or higher for all scored borrowers; borrowers with no credit score permitted
See matrix below for further details

CHFA HomeAccess^sm and CHFA HomeAccess^sm Plus Program Highlights

30-year fixed rate FHA 203(b), VA, or USDA-RD purchase loans only
Restricted to first-time homebuyers and qualified veterans
Borrower must have a permanent disability or are the custodial parent or legal guardian of an individual who has a permanent disability
CHFA HomeAccess Second Mortgage Loan up to $25,000 available for assistance with down payment, closing costs, and prepaids
Income and purchase price limits apply
Program eligibility is subject to CHFA's gross annual income calculation
Minimum decision credit score of 620 or higher for all scored borrowers; borrowers with no credit score permitted
Subject to the Federal Recapture Tax provision
Cannot be combined with any MCC program
See matrix below for further details
Click here to view approved lenders that may offer this program

programs, forms, and matrices