​​ chfa enews: community development
chfa enews - community development 
February 11, 2016

save on your mortgage insu​​rance premiums

FHA has announced it will reduce multifamily mortgage insurance rates for commitments issued after April 1, 2016. The new rates will apply to affordable, mixed-income, and energy-efficient multifamily housing developments.

CHFA Program Benefits:
  • With this change, CHFA will reduce the mortgage insurance premium for multifamily loans using the CHFA 542(c) Risk Share 50/50 program to 12.5 basis points, from 25 basis points (applies to FHA commitments issued after April 1, 2016 only).
To learn more about FHA’s mortgage insurance premiums reduction announcement, click here.

remember chfa for your lending needs

CHFA is a leading lender under the FHA Section 542 (c) Risk Share program, a tool exclusively available to housing and finance agencies. FHA financing offers a number of benefits such as longer amortization, and flexible underwriting standards critical when developing or preserving affordable rental housing.