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
For more information about these changes, please see the March 11
- 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
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
or consult the relevant
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.
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.