January 3, 2022

effective: changes to chfa loan limits

Effective for locks made on or after January 3, 2022, use the lower of $647,200 or the applicable 2022 program loan limit determined by FHA, VA, USDA-RD, Fannie Mae, or Freddie Mac^® plus financed MI, MIP, VA Funding Fee, USDA-RD Guarantee Fee, or 203(k) rehab funds, as applicable.

Here are two examples to help clarify:

County

2022 FHA

Loan Limit

FHA Loan Limit

Plus MIP

CHFA Total Loan Limit

Maximum

Adams

$684,250.00

$696,224.38

$647,200.00

Alamosa

$420,680.00

$428,041.90

HomeConnection^sm has been updated and will not allow a Lock that exceeds the CHFA Total Loan Limit Maximum.

As a reminder, the CHFA FirstStep^sm Programs have purchase price limits. Purchase price limits have not changed. Please keep in mind that loan limits may never exceed purchase price limits.

It is anticipated that income and purchase price limits may change later in 2022. Such changes will be announced with subsequent eNews.

Please contact CHFA Home Finance with any questions regarding these changes.

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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