home finance monthly wrap-up

Here’s a quick look back at the news and changes in CHFA Home Finance last month.

2015 mcc program

CHFA began taking reservations for the CHFA MCCsm Program on March 2, 2015. This year, the program is restricted to first time homebuyers and eligible veterans. For more information, see the CHFA MCC program matrix.

making it easier to do business with us

CHFA products are now available on Optimal Blue
Effective March 23, we now offer same-day funding for approved loans
CHFA added Arch MI as an approved mortgage insurer

For more information about these changes, please see the March 11 eNews.

elimination of purchase price limits

Effective March 16, CHFA no longer has purchase price limits for most of its programs. For details on this change, see the eNews or consult the relevant program matrices.

fha streamline refinance changes

Also on March 16, CHFA made changes to its FHA Streamline Refinance program. We reduced the seasoning requirements for program eligibility and introduced more borrower premium options to tailor the program to your borrowers’ unique needs.

risc changes

As a reminder, we have also made changes to the requirements related to the CHFA Risk Information Score Card (CHFA RISC).

your partner of choice

We value your partnership and welcome your feedback on these and other issues. We are committed to ensuring that CHFA is your partner of choice for qualified Colorado homebuyers, and we look forward to working with you as the homebuying season ramps up.