Monday, March 10, 2014

CHFA Financing Assistance no longer just for first time buyers!

 CHFA Financing has made some interesting changes!

I attended a continuing education  class this month to learn the latest rules and regulations for the current CHFA (Colorado Home Finance Authority, I think) program. The class was great. I am so glad I attended. Here are some highlights as I understand them:

* First-time homebuyers and non first-time homebuyers are eligible.
* No mortgage insurance (PMI)

* Fixed rate 30 year loans
* Income limits
* Down Payment assistance
* Possible tax credit

Of course, I will want you to hear about the program from a lender who is in the program but I was really pleased at the changes. Especially the fact that it is no longer for first time buyers only. 

Please call or email me and we can discuss it further.