Homeownership isn’t just for now—it may build wealth and community for the future. CHFA understands the importance of sustaining, supporting, and celebrating stronger communities.
We provide valuable resources to prepare you for the most important investments in your life—your home and your future.
En Español
Ser dueño de su propia vivienda no se trata solo del presente; también puede crear un patrimonio y una comunidad para el futuro.
Proporcionamos recursos valiosos para prepararlo para las inversiones más importantes de su vida: su hogar y su futuro.
Homebuyer Education
- We encourage you to take a CHFA-sponsored homebuyer education class early in the homebuying process.
- A class will help you become an informed homebuyer and successful homeowner by learning:
- How to create a budget as a homeowner
- How credit impacts homebuying options and how to improve your credit
- How to find a real estate agent and a lender
- The costs of homebuying and the approval process
- What to expect after closing
- Taking a class is required to receive a CHFA mortgage loan.
- Learn more about homebuyer education
Down Payment and/or Closing Cost Assistance Options
Homebuyers using one of our first mortgage loan programs to finance their home purchase are eligible to use CHFA assistance options to help with down payment and/or closing costs. Even if you contribute towards a down payment, you may still use one of the options below.
Down Payment Assistance Grant*
- Up to the lesser of $25,000 or 3 percent of your first mortgage**
(Example: Get up to $6,000 on a $200,000 mortgage) - No repayment required
Second Mortgage Loan*
- Up to the lesser of $25,000 or 4 percent of your first mortgage**
(Example: Get up to $8,000 on a $200,000 mortgage) - Individuals living with a permanent disability or first-generation homebuyers can access specific programs offering up to $25,000 regardless of first mortgage amount**
- Repayment of loan balance deferred until certain events, such as payoff of your first mortgage, or the sale or refinance of the home, or the home is no longer your primary residence.
**For a 30-year, fixed-rate loan
Equitable Homeownership Resources
Program Spotlight
CHFA FirstGeneration and FirstGeneration Plus
Up to $25,000 down payment/Pago inicial de $25,000
- Repayment deferred until events such as payoff of first mortgage loan, sale or refinance of home, or if the home is no longer your primary residence.
Homebuyer’s Roadmap
How to Get a CHFA Loan
Interested in CHFA for homeownership? Learn the basic requirements to get a CHFA loan and the first steps you should take to get started.
CHFA believes in responsible, affordable homeownership. Through our statewide network of CHFA Participating Lenders, we offer home purchase loan programs, grants, and second mortgage loans for down payment/and or closing cost assistance.