what should you do before applying for a loan?
Buying a home is one of the biggest commitments-and adventures- you will experience in your lifetime, so it pays to be prepared. Before applying for a loan, consider taking a CHFA-sponsored homebuyer education class. Find online and in-person class schedules, as well as a provider in your area here.

Consider these tips to make the best of your homebuying experience:
  • Review your savings. You will need some savings up-front to cover down payment, closing costs, and other fees. However, don't worry if you don't have enough for a down payment-there are many assistance programs out there, including the CHFA Down Payment Assistance Grant.
  • Review your credit report and score. It's important to ensure your credit report does not contain any inaccuracies that may affect your credit score. Get your free credit report here. Your credit report and credit score are separate, and your credit score is available for a fee. Knowing your credit score will help you determine what loan programs will best meet your needs and goals.
  • Know your annual household income. Many loan programs have income qualifications, so understanding what your "household income" is before you meet with a lender will help during the process. Household income is comprised of the total gross annual income (what is earned before taxes are deducted) of each earning individual living in your household.
  • Prepare to compare. Discuss loan options and offerings with at least two different trusted lenders. Within three days after applying for a loan, you will receive a Loan Estimate (formerly known as a Good Faith Estimate) from the lender. This form provides important details about the loan you have requested, and is a tool to help you compare loans and make the best decision for your needs.
chfa in the community: staff volunteer
for local food banks
At CHFA, connecting with the communities we serve is an important part of our values and mission. To support our community engagement efforts, CHFA gives every employee eight hours of paid time to volunteer at a local nonprofit of their choosing. Below are several CHFA employees who volunteered at Food Bank of the Rockies on October 9, 2015. 

To learn more about Food Bank of the Rockies, click here.
  colorado housing and finance authority

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