chfa homebuyer education classes in high demand

With the homebuying season upon us, please encourage borrowers to attend a CHFA-approved homebuyer education class early in the homebuying process. All borrowers must complete a class prior to their mortgage loan closing date. Classes are filling up and providers are working hard by adding classes to keep up with demand. Availability for online follow-up calls is also filling up.

Be aware: If a borrower chooses to take an approved online course, a follow-up call with the provider is required. Borrowers should not expect to take an online course right before a scheduled closing and get their follow-up call completed. Rather, borrowers should give themselves adequate time to complete the online portion and the follow-up call.

Borrowers must work directly with the provider to schedule the follow-up call. That said, borrowers should be proactive and schedule this call promptly upon completion of the online portion to get on the provider’s schedule and avoid potential closing delays.

Remember, it’s your duty to inform your borrowers on how to complete this requirement. To help, we’ve created a Steps to Completing CHFA Approved Homebuyer Education flyer. This flyer is available on our website and can also be found under the “Forms” section in HomeConnection.

Should you have comments or questions, please contact us.

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