chfa home finance enews

CHFA requires tax returns for certain CHFA Programs. When tax returns are required, CHFA will require a 2024 tax return for loans locked on or after April 15, 2025. A full transcript or a copy of the filed tax return including all pages is acceptable.

Information on upcoming training offered by CHFA Home Finance in April 2025.

Effective April 7, 2025, CHFA will no longer provide Second Mortgage Loan Estimate or Second Mortgage Closing Disclosure forms for use by our Participating Lenders.

Effective April 7, 2025, CHFA will no longer provide Second Mortgage Loan Estimate or Second Mortgage Closing Disclosure forms for use by our Participating Lenders.

In June 2024, CHFA announced that it made significant programmatic changes to the CHFA HomeAccesss Program. To further align our processes and create efficiencies, CHFA is making additional changes.

Information on upcoming training offered by CHFA Home Finance in March 2025.

Have a great homebuyer story to share? Perhaps you’ve been working with an individual for a while or just helped a first-generation homebuyer. We’d love to hear these stories.

Have you shared the CHFA Homebuyer’s Roadmap with your customers? It has become a hot item since launching in September 2023—last year alone, 2,396 consumers visited the online version and 325 requested print copies!

CHFA staff will be participating in an all-staff event Friday, February 7, 2025. CHFA’s HomeConnection system will remain operational, allowing lenders to lock new loans and upload documents.

CHFA is pleased to announce the dates for its 2025 Direct Effect Awards.

Information on upcoming training offered by CHFA Home Finance in February 2025.

Would you like to help CHFA decide program and product offerings and when changes are needed?

CHFA would like to thank all our Participating Lenders for their continued support and dedication to Colorado homebuyers. With the help of our 119 active Participating Lenders, CHFA was able to help 5,291 households achieve homeownership.

Below is a list of 2025 holidays affecting CHFA Home Finance operations.

Effective for new locks made on or after January 6, 2025, use the lower of $806,500 or the applicable program loan limit determined by FHA, VA, USDA-RD, Fannie Mae, or Freddie Mac, plus financed MI, MIP, VA Funding Fee, USDA-RD Guarantee Fee, or 203(k) rehab funds (subject to applicable insurer, guarantor, or investor guidelines).

Effective for new locks made on or after January 6, 2025, use the lower of $806,500 or the applicable program loan limit determined by FHA, VA, USDA-RD, Fannie Mae, or Freddie Mac®, plus financed MI, MIP, VA Funding Fee, USDA-RD Guarantee Fee, or 203(k) rehab funds (subject to applicable insurer, guarantor, or investor guidelines).

Information on upcoming training offered by CHFA Home Finance in January 2025.

Are you looking to find quick answers to all your CHFA-related questions? Knowing the right resources to use can help. Become a CHFA expert by watching this short video, which breaks down where to find information based on the level of specifics you are looking for.

For any loan closed in 2024 and purchased by CHFA after January 28, 2025, Participating Lenders are responsible at a minimum for the payment of the first half of required prior year’s property taxes and all previous years’ taxes.

Happy Holidays! It’s important to plan ahead, so we have included two important reminders regarding:

Have you used CHFA FirstStep and CHFA FirstGeneration to help your borrowers purchase a home? If so, you will benefit from our next training video.

CHFA always strives to better understand the needs of our lending partners. Please take a moment to help us by responding to a brief survey focused on our customer service, programs, processes, delivery, and access. Your responses will highlight opportunities for CHFA’s growth and development.

Wishing you every happiness this holiday season and throughout the coming year.

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.

CHFA HomeConnection will be undergoing maintenance this weekend, beginning Friday, December 6, 2024, at 6:00pm MT. During this time, lenders will not be able to access the system to make locks, review pipelines, or upload loan files/documents.