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CHFA Advantage Update

Posted on April 25, 2013 by Ray Williams (NMLS #216267).

As of yesterday, April 24, 2013 CHFA announced a new guideline change for their CHFA Advantage program.  They have lowered the credit score to 680!!! (Previously 700).  It may not seem like a lot but for those of you who are just shy of that 700 score it is a big deal and a breathe of fresh air.

The CHFA Advantage program is special because it allows a for a 3% down payment with NO MI!!  And if needed you are able to use a gift and/or down payment assistance.  Make sure to read more about the program and ask your lender today if this is a good option for you.

If you have any questions, please contact us. We are proud to be an approved CHFA lender.  Click here is you would like to complete a secure online loan application.

~Cheers
Ray Williams

Branch Manager

 

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