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| May 3, 2021 | ||||
effective immediately: new income and purchase price limitsIncome LimitsCHFA has updated income limits for its SmartStepsm, FirstStepsm, SectionEightsm Homeownership, and HomeAccesssm Programs.The new income limits are only effective for new loan locks made on or after May 1, 2021. Please note, the income limits for CHFA Preferredsmand CHFA Preferredsm Very Low Income Program have not changed. It is anticipated revised income limits on these programs will be available in early summer. Purchase Price LimitsCHFA has updated its purchase price limits for the CHFA FirstStepsm and CHFA HomeAccesssm Programs; as these are the only programs with purchase price limits.The new purchase price limits are only effective for new loan locks made on or after May 1, 2021. 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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