​​ CHFA eNews: Home Finance
chfa enews - home finance 
February 29, 2016

cutting the reddest of tape – c​​hfa income requirement changes

We’ve got great news! Effective with reservations made on or after March 14, 2016, CHFA will now accept qualifying income for purposes of meeting CHFA income guidelines for the following programs:
  • CHFA Advantagesm and CHFA Advantage Refinance
  • CHFA Preferredsm, CHFA Preferred Plussm, and CHFA Preferred Refinance
  • CHFA SmartStepsm and CHFA SmartStep Plussm
  • CHFA HomeOpenersm and CHFA HomeOpener Plussm
For these programs, CHFA will defer to the income calculation requirements of the underlying loan program (Fannie Mae, FHA, VA, RD).

Programs excluded from this change include:
  • CHFA HomeAccesssm
  • CHFA SectionEightsm Homeownership and CHFA SectionEight Homeownership Plus
  • CHFA Statewide Mortgage Credit Certificate (CHFA MCCsm)
Contact your Business Development Specialist or CHFA Home Finance with any questions about this exciting change.

CHFA Home Finance, Business Development
303.297.7376 or 888.320.3688 Denver
970.241.2341 or 800.877.8450 Western Slope


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