June 13, 2022

effective immediately: new income and purchase price limits

Income Limits

CHFA has updated income limits for its CHFA SmartStep^sm, CHFA FirstStep^sm, CHFA SectionEight^sm Homeownership, and CHFA HomeAccess^sm Programs.

The new income limits are effective for new loan locks made on or after June 13, 2022.

Please note, the income limits for CHFA Preferred^sm and CHFA Preferred^sm Very Low Income Programs have not changed. It is anticipated revised income limits on these programs will be available in late summer.

Purchase Price Limits

CHFA has updated its purchase price limits for the CHFA FirstStep and CHFA HomeAccess Programs, as these are the only programs with purchase price limits.

The new purchase price limits are effective for new loan locks made on or after June 13, 2022.

Please refer to the applicable program matrix for the maximum total mortgage loan amount.

Contact us for any additional information or assistance.

CHFA Home Finance
Homeownership@chfainfo.com
303.297.7376 or 888.320.3688 Denver
970.241.2341 or 800.877.8450 Western Slope

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