Question by  ddd (10)

What is the process by which I apply for a CHFA loan?

I live in Connecticut, and would like to purchase a house. How do I become eligible, and apply, for a CHFA loan?


Answer by  fiddlefaddle (883)

Contact your lender. The lender will determine your eligibility and underwrite the loan for approval. The process from loan application to loan closing can take up to six weeks. If you meet the requirements, you CHFA can help you purchase your own home in the form of a second mortgage or help close your home.


Answer by  Learner (350)

Any person whose income lies within the prescribed income limits and sales price of the property lies within the prescribed sales price limit for the property in that particular area, will be eligible for CHFA. Contact an active loaner and he will examine your eligibility and will insure the loan for approval. This process can last around 45 days.

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