chfa is proud to announce additional mortgage insurance options with chfa preferred/plus programs
Effective immediately, National MI and Radian are now eligible mortgage insurance options with the CHFA Preferred and Preferred Plus programs. They are exciting new additions and we look forward to the partnership.
As a reminder, CHFA does not allow delegated mortgage insurance (MI) underwriting. All CHFA Preferred and Preferred Plus files must be underwritten for the MI by the insuring company. However, CHFA does allow the additional contract credit underwrite by the mortgage insurance company. Please reach out to your insurance provider for details.
chfa home finance – identifying chfa as the secondary financing source in
CHFA would like to provide our Lenders with clarification about
how to identify CHFA as the secondary financing source in FHA
Connection. FHA deems CHFA to be a governmental type mortgagee
and therefore, Lenders need to select ‘Government’ from the
Source of Funds drop down memo in the Secondary Financing
Section in FHA Connection. In addition, Lenders need to identify
CHFA by our HUD Lender ID which is ‘05366’ and not our EIN.