chfa home finance enews

Join us for this short video, in which we will review how to find approved English- and Spanish-language homebuyer education options on the CHFA website as well as some important class requirements.

CHFA is pleased to announce the publication of a revised and updated CHFA Seller’s Guide. This version is a comprehensive update of the guide and incorporates recent CHFA program and process changes previously announced via CHFA eNews announcements, webinars, and program matrices.

Effective Monday, November 4, 2024, CHFA will offer an option for CHFA homeowners to refinance their current CHFA FHA loans and subordinate an existing CHFA DPA Second Mortgage Loan, if applicable.

Did you know that the most common obstacle for compliance approval of CHFA FirstStepand CHFA FirstGeneration loans is the income calculation?

Information on upcoming training offered by CHFA Home Finance in November 2024.

CHFA FirstGeneration and CHFA FirstStep loans require a complete and fully executed CHFA Form 401, Initial Applicant Affidavit for Program Compliance Review, prior to closing.

In a recent audit, it was discovered that over 2,000 loans were not transferred to CHFA because flood certification companies were not notified of CHFA’s purchase of the loans.

CHFA is here to support your commitment to help Coloradans achieve their dreams of homeownership. We are proud to announce that in addition to our regularly scheduled live trainings, we now provide an on-demand library that can fit your busy schedule.

As CHFA’s Board Chair, I can say without question that Cris will be tremendously missed. We trust and value Cris’ leadership and the culture of excellence he has cultivated during his tenure. His impact has been transformational for CHFA and its mission.

Earlier today, I shared with the Board of Directors my intention to retire as CHFA’s Executive Director and CEO effective March 2025.

Information on upcoming training offered by CHFA Home Finance in October 2024.

Applications for CHFA’s Direct Effect Awards are due today, September 13th, by 11:59pm MT.

All condominium projects must meet insurer, guarantor, Fannie Mae, or Freddie Mac guidelines. Required documentation may differ and is dependent on project specifications and review type.

In our continued efforts to offer flexible homebuying options to help meet Coloradans’ financial needs and align with industry practices, as of August 30, 2024, all CHFA down payment assistance funds may be used toward:

Information on upcoming training offered by CHFA Home Finance in September 2024.

Encourage your homebuyers to join CHFA and homebuying experts at this free event on September 21, 2024.

CHFA is pleased to announce the application for the second round of 2024 Direct Effect Awards is now open.

CHFA is now accepting eNotes on all CHFA programs, including both CHFA first and CHFA second mortgage loans. Take advantage of faster processing and purchasing times while reducing documents you need to mail to CHFA!

CHFA has been made aware that some lenders utilizing Investor Connect were unable to deliver files due to an ICE technology issue. If you submitted documents ON Monday, August 5, 2024, we ask you to resubmit to ensure proper delivery.

It’s important to use the forms available through your LOS as this ensures you are using the most current version of a CHFA form.

CHFA’s Direct Effect Awards recognize Colorado nonprofit organizations whose missions align with CHFA’s work to strengthen Colorado by investing in affordable housing and community development.

Information on upcoming training offered by CHFA Home Finance in August 2024.

We are reaching out to you today to provide details and marketing materials regarding CHFA FirstGeneration our new program developed specifically to support first-generation homebuyers.

CHFA is pleased to announce the promotion of Kristi Budish to director of community development. Budish has been a member of CHFA’s staff since 2010, most recently serving as manager of commercial operations and underwriting.

We have a homebuyer education provider update to share with your clients: Colorado Resources and Housing Development Corporation (CRHDC) is no longer offering a CHFA-approved online homebuyer education course to new users; however, they are still offering a CHFA-approved in-person option.