Why is this loan right for me?
This program can be a strong match if you’re eager to buy a home but need help covering the upfront cash required for the down payment and closing costs. It’s designed for buyers who are financially ready for homeownership but need that extra boost to get the keys in hand—no magic wands required.
Benefits of this loan
CHFA’s assistance can reduce the amount of money you need at closing, making homeownership more attainable. The support can come as a grant or a second loan, offering flexibility depending on your long-term plans. It’s a way to keep more savings in your pocket while still stepping confidently into a home of your own.
Eligibility requirements
Applicants must meet CHFA income limits, complete approved homebuyer education, and qualify for a CHFA first mortgage. Lenders will also verify credit, debt-to-income ratios, and that the property meets program guidelines. The goal is to ensure you’re set up for sustainable, successful homeownership.
Quick Tools
Get started by using one of our FREE tools
While You’re Here
Check out our other mortgage calculators
Access our top-rated mortgage calculators to expertly assess your financing options, compare various loan types, and make informed decisions for your home buying journey.
