​​ CHFA eNews: Home Finance
chfa enews - home finance 
November 3, 2015

updates to chfa seller’​​​​s guide

We recently made some updates to the CHFA Seller’s Guide. Specific revisions of note include:
  • Reiteration that persons not party to the underlying mortgage loan are not permitted to take title to the subject property (see Chapter 2, Section 201.L);
  • Expansion of permissible property types for the CHFA Advantagesm, CHFA Preferredsm, and CHFA Preferred Plussm programs to include manufactured housing and properties in a leasehold or land trust (see Chapter 2, Section 202.B);
  • Clarification that for homes with wells as a water source, documentation is required to verify that the well is located within the boundaries of the subject property (see Chapter 2, Section 202.B);
  • Additional information regarding required tax returns (see Chapter 5, Section 501.B);
  • New documentation requirements to help verify acceptable interim servicing of loans prior to purchase by CHFA (see Chapter 6, Section 610.A);
  • Relocation of repurchase information from Chapter 8 to Chapter 6 (see Chapter 6, Sections 612 and 613); and
  • Addition of an early payoff policy (see Chapter 6, Section 614).

Please contact CHFA Home Finance with any questions regarding these changes.

CHFA Home Finance
303.297.7376 or 888.320.3688 Denver
970.241.2341 or 800.877.8450 Western Slope


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

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