Program Updates FAQs

​Effective Monday, November 5, 2018, CHFA Home Finance implemented program changes.

As a result of these changes, CHFA has received the following questions:

  • 10
      Why has CHFA established a statewide income limit?
  • 20
      Why are the CHFA HomeOpenersm programs no longer available?
  • 30
      Why do CHFA FirstStep, CHFA VLIP and CHFA HomeAccesss income limits remain the same?
  • 40
      How does this change affect existing reservations?
  • 50
      Does CHFA still require a minimum credit score?
  • 60
      What is the DTI limit on manually underwritten loans?
  • Have a question not listed? Please send us an email and we’ll add common questions to this page.

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