Affordable Housing Programs a.k.a CHFA
Every state offers an affordable housing program, one of ours is Colorado Housing and Finance Authority (CHFA). You may be familiar with them or this may be the first time you have every heard of them. They are located on Blake Street, a block away from Coors Field.
We are huge advocates of CHFA and are one of their approved lenders. CHFA is more commonly known for their down payment assistance programs. Before there were down payment grants CHFA was the “go to” option. Recently they have added more opportunities to help families obtain their dream of homeownership. They now offer their down payment assistance in the form of a grant (used to be a second mortgage). They also have a wildly popular loan program that offers a Conventional loan, 3% down and NO MI (mortgage insurance). And many people don’t know they also provide funding for small business loans.
CHFA’s mission is to increase affordable housing and economic development in Colorado. CHFA recently had a contest called “Home is where my story starts”, asking new homebuyers to share their home buying story and what homeownership meant to them. These winning stories are very encouraging, heartfelt, compelling and insightful. I highly recommend reading them. Some are in the form of poems and videos, they will tug at your heart strings and also make your heart smile. After reading them, take the time to look through CHFA’s website, learn more about their mission. You may find something that would be of interest and can help you and/or someone you know towards their dream of buying their first home or next home.
If you would like to know more about CHFA and would like to see if you qualify for a CHFA loan, fill out our secure online loan application and give us a call.