Changes to Conventionally Insured CHFA Loans Limited to 97% LTV, 103% CLTV

This policy is effective for all reservations made on or after Friday, April 18, 2008, 11:59pm. Read the conditions and full details here.

CHFA has free online First Time Homebuyer education!

Learn the specifics on our Homebuyer Education page and the CHFA University website. Please note: This online education is meant to be an individual learning experience. Therefore, all borrowers must be individually certified, which means each person receiving a loan must complete the appropriate course independently. If each person on the loan is not certified, the loan process will be delayed until they are.

Updates/Announcement/Compliance Underwriting:  

CHFA has two new refinance programs to assist homeowners.

The 2008 Seller's Guide and a summary of its changes are now available.

CHFA is experiencing a high volume of incomplete loan files. To expedite your CHFA loan approval and avoid any delay of approval and subsequent closing and/or funding, it is critical that Participating Lenders submit complete files. Lenders should pay particular attention to the stacking orders as shown on CHFA Form 700, Compliance Approval Submission Voucher and CHFA Form 703, Purchase Submission Voucher.    

Files that are sent to CHFA missing critical documents (all documents listed on the two Submission Vouchers are critical documents) will be immediately suspended. Upon receipt of the outstanding documents, the loan will re-enter the work flow behind any newly submitted loans. This could result in a significant delay to the approval process depending on loan volume.  

CHFA wants to provide you and your borrower the very best customer service, however needs the cooperation of its Participating Lender partners to ensure that that happens.   

If you have any questions or require additional training, please call Home Finance at 888.320.3688. Thank you in advance for your cooperation.

Forms

Effective immediately: FHA Secure Refinance program

Upcoming CHFA lender trainings and FREE Realtor CE classes

NEW - Federal Recapture Tax Reimbursement!  Find out more about this new benefit for your borrowers.

CHFA Condominium Approval Process Directive