On January 28 we first told you about CHFA’s FirstStep and FirstStep Plus programs that were going to be available February 1, 2010. It is now February 1 and we wanted to let you know the details of the program.
CHFA FirstStep
Through the sale of non-taxable mortgage revenue bonds, CHFA is able to offer mortgage rates [...]
Tags: Assistance, Choosing a Lender, Qualifying, Strategies
Colorado Housing and Finance Authority, commonly known as CHFA, has made a few notable changes we wanted to make sure our readers were aware of.
FirstStep & FirstStep Plus
No Gifts Allowed for Minimum Contribution
No Cosigners Allowed
Non-Traditional Credit Must Be Added to Credit Report
Risk Score Card
No Grossing Up Income
1. FirstStep & FirstStep Plus
Two new (well a modification [...]
Tags: Assistance, down payment, Qualifying
Would you like to drop your mortgage rate from 5.5% to 4%? Crazy question, right? In Colorado, qualified homebuyers can apply for the Colorado Housing and Finance Authority (CHFA) Mortgage Credit Certificate (MCC) to do just that. That was a mouthful!
Everyone knows that their monthly payments for the first several years of their home mortgage [...]
Tags: Assistance, Qualifying, Rates, tax credit
