chfa advantage

CHFA has a conventional mortgage product perfect for your customers who are purchasing or refinancing!​

​​​​​​​​​​​​​​​​​chfa adva​ntageSM purchase ​

  • 30-year term
  • No mortgage insurance 
  • Only 3 percent down required 
  • Applicants must have a minimum mid credit score of 680*
  • Applicants must meet income limits*
  • Pair with CHFA MCC for maximum savings**

chfa advantage refinance 

  • 30-year term
  • No mortgage insurance
  • Only 3 percent equity required
  • Applicants must have a minimum mid credit score of 680*
  • Applicants must meet income and purc​hase price limits* ​​​

get start​ed

​Get ready to originate, reserve, or process CHFA Advantage by taking our webinars. 

CHFA-approved Participating Lenders must execute a Program Participation Agreement, submit their most recent financials (if not submitted previously), and lender staff must attend training prior to originating or making reservations in this program. 

* In addition to qualifying for the CHFA program guidelines, Borrowers must also qualify according to the first mortgage underwriting 
  ​ guidelines determined by Lender.​ 

**The CHFA MCC is available for first time homebuyers and eligible veterans.


If you have any additional questions, please contact CHFA Home Finance​​.​