Additional Considerations

All other considerations for CHFA Homebuyer Mortgages apply to police homeownership program loans.

The loan is subject to federal recapture tax if the borrower sells the home within nine years, there is a capital gain on the sale of the home and the borrower's household income at the time of the sale exceeds applicable limits. (Federal Recapture tax occurs at the time property is sold, only if all three conditions apply.)

Contact:
Single Family Underwriting (860) 571-3502