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CHFA Refinance Options for Current CHFA Borrowers
Lower your rate. Keep your CHFA assistance. No cash required.
Good news for Colorado homeowners:
If you currently have a CHFA FHA loan, you may be able to lower your interest rate with minimal documentation and no DPA payoff required. This program is designed to keep your CHFA assistance in place while reducing your monthly payment.
What You Need to Qualify
✔ 12 months of on-time mortgage payments
✔ FICO score of 550+
✔ No loan modification or forbearance in the past 12 months
What You Don't Need
✔ No Appraisal Required
✔ No income Verification
✔ No debt to income Evalutation
✔ No need to pay off your CHFA second mortgage
More Info
Las 4 preguntas que deberá responder para obtener asistencia para el pago inicial de Colorado:
Recorrer el camino hacia la propiedad de una vivienda a menudo puede parecer un viaje lleno de incógnitas, especialmente cuando se trata de obtener asistencia financiera. Comprender las preguntas clave y sus implicaciones es esencial para prepararlo para el apasionante camino que le espera. Exploremos estas preguntas en detalle, brindándole información valiosa para aliviar sus inquietudes.
How the Refi Works
1. Send Us Your Mortgage Statement
This gives us your payoff amount, current rate, loan term, and CHFA structure.
2. We Show You Your Savings
We’ll calculate your new estimated payment and compare it to your current one so you can see the potential monthly savings.
3. Refi & Save – With No Money Due at Closing
You’ll bring your next month’s normal mortgage payment, but typically nothing more.
When Is the Right Time to Refinance?
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Mortgage rates are always changing, and we continually monitor the market to let our clients know when it’s the right time to refinance. As of right now, homeowners with an FHA rate of 7% or higher should strongly consider a CHFA Streamline Refinance.
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We’ll keep you updated as rates improve so you can take advantage of the program at the best possible time.
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