CHFA Home Loans

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Fixed-rate government and conventional mortgage loans to purchase a home

Down payment assistance grants and second mortgage loans

Available to first-time and non-first-time homebuyers

COLORADO HOUSING AND FINANCE AUTHORITY (CHFA) LOANS

CHFA has a long history of being a reliable partner in the state's efforts to make homeownership possibilities more affordable and accessible to more people. Suppose you qualify for one of the CHFA programs. In that case, you may get fixed-rate loans, CHFA Down Payment Assistance Grants to assist with a down payment, closing costs, and prepaid borrower premiums, and education to give you the confidence you need to become a homeowner.

HOW DOES A CHFA LOAN WORK?

The Colorado Housing Finance Authority (CHFA) works with Coloradans to obtain mortgage assistance, including a loan for down payments as little as $1,000. Those who do not have mortgage insurance may be eligible to forego the need. Having a suitable family income is required to qualify for CHFA payments (which is determined at the county level and by the size of the household). The Mortgage Store has mortgage professionals on hand ready to pre-qualify you and guide you through the maze of options available to you.

WHO QUALIFIES FOR A CHFA LOAN?

To qualify for a USDA home loan, your home must be owner-occupied, and you must be a U.S. citizen or have permanent residency. You must show a dependable source of income and have a mortgage payment that will be 29% or less of your monthly income. Potential home buyers with a rocky credit history may still qualify. These mortgages are designed to be for those who cannot afford a traditional mortgage.

CONTACT THE MORTGAGE STORE TODAY

We streamline the mortgage application process while maintaining the importance of long-term financial planning. We understand that getting a mortgage is the most important financial decision you will make in your life, and we are committed to assisting you in obtaining a mortgage that meets your needs. You can depend on our combined experience of more than fifty years to be of service to you.