Wednesday, August 13, 2014

CHFA Loans Just Got a Lot Better

CHFA (Colorado Housing and Finance Authority) loans just got a lot better.

CHFA second mortgage loans for down payment and closing cost assistance now have the following terms:
  • zero percent (0%) interest
  • no monthly payments are due
  • principal balance is due in 30 years, if the property is sold, or if the CHFA loan is refinanced
  • no pre-payment penalty
CHFA loans are great for people who have little money for the down payment or closing costs, and who cannot get a gift from a relative to cover the down payment or closing costs.  They are NOT for people who have a credit score below 620.

Any questions?  Give us a call.

Did you know that we sell our loans directly to Fannie Mae and Freddie Mac?  That means we can get our loans approved without the additional underwriting requirements that most lenders have.  If we give you a pre-approval, it's going to close.

Have questions about anything related to a mortgage?  Give us a call and see why they call us The Mortgage Experts.  

Getting a loan approved is easy - if you know what to do.  The Mortgage Experts know what to do!!!  Call us if you want to use the best lenders in Colorado!  

Make sure you check out our web site:

By the way, don't forget to refinance your current mortgage.  Rates are very, very low right now.  Don't miss out!  Call us today to get the details for your particular situation.

No comments: