​​ CHFA eNews: Home Finance
chfa enews - home finance 
October 8, 2014

we are cutting the red tape

Effective immediately, CHFA will no longer prohibit roommates within the home being purchased, unless such room rental is being treated as a business use for tax purposes. Under our previous policy, a roommate paying rent would automatically trigger business use of the home, which is prohibited. Unless excluded from CHFA’s definition of Gross Annual Household Income, the income of any roommate will have to be verified and counted in the household income calculation to determine if the household is within the CHFA income limits.

Additionally, CHFA is pleased to announce Essent Guaranty as an eligible mortgage insurance provider for the CHFA Preferredsm and CHFA Preferred Plussm programs. We look forward to this ne​w partnership.

please note
CHFA's availability of MCC funds is very limited. Please ensure that you check the CHFA website for availability prior to making a reservation.

303.297.7376 or 1.888.320.3688 Denver
970.241.2341 or 1.800.877.8450 Western Slope

Thank you,
CHFA Home Finance


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colorado housing and finance authority | 1981 Blake St | Denver | CO | 80202