​​ chfa enews: community development
chfa enews - community development 
March 23, 2016

reminder: save on​ your mortgage insurance premiums

As a reminder, FHA 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.
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.

chfa ​

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