for Lenders

Lender Guide

The Connecticut Housing Finance Authority (CHFA) provides our Participating Lenders throughout the state with a straightforward and comprehensive guide (operating manual) to lead them through the many requirements of originating and servicing CHFA loan products.  

Prospective Participating Lenders can use this guide to obtain an overview of CHFA loan processing requirements and procedures.  

Follow the links below to view or print the CHFA Lender Guide-Operating Manual.

 

Related Documents Found: 15  matches     Displaying: 1 - 15  File Size Type Bulletin #41 - CHFA Revision to Single Family Policy Regarding the Collection of Borrower Paid Origination and Closing Cost Fees Effective with loan reservations dated July 18, 2011, CHFA fees policy will be revised to allow collection of CHFA Loan Processing Fee and CHFA Loan Underwriting Fee on first mortgage and loan transactions. 31K pdf Bulletin #42 - CHFA Revision to Single Family Policy Regarding the Borrower(s) Asset Test for Downpayment/Downpayment and Closing Costs Assistance Effective November 1, 2011 there will be changes in CHFA's current asset contribution policy for Downpayment Assistance Program (DAP) requirements. Please see the attached for details of the changes. 27K pdf Homeowner's Equity Recovery Opportunity (HERO) Expansion Program This brochure gives program guidelines and income limits for the program 994K pdf Homeowner's Equity Recovery Opportunity (HERO) Expansion Program Brochure (English) This brochure gives program guidelines and income limits for the HERO program. 987K pdf Lender Guide – Operating Manual – Sec 01 – Gen Intro This section provides an overview of the contents, purposes and organizational structure of the guide. 11K pdf Lender Guide – Operating Manual – Sec 02 – Program Info This section describes program qualifications for lenders; how funds are committed and distributed in targeted and non-targeted areas; and how the Federal Recapture Tax is calculated. 31K pdf Lender Guide – Operating Manual – Sec 03 – Eligibility This section describes eligible borrowers and eligible dwellings for CHFA programs. 62K pdf Lender Guide – Operating Manual – Sec 04 – Rehab Program This section describes the features and requirements of the Rehabilitation Mortgage Program. 25K pdf Lender Guide – Operating Manual – Sec 05 – Underwriting This section details the CHFA Underwriting polices and procedures. 73K pdf Lender Guide – Operating Manual – Sec 06 – Loan Prep This section details the loan preparation process. 37K pdf Lender Guide - Operating Manual - Sec 07 - Loan Purchase This section explains closing, loan purchasing, releasing and assumption procedures. 101K pdf Lender Guide – Operating Manual – Sec 08 – Glossary This section provides a glossary of terms used in the guide. 9K pdf Lender Guide – Operating Manual – Sec 10 – Appendices This section contains the originating and processing checklist for lenders; and links to the CHFA Sales Price Limits and CHFA Income Limits. 8K pdf Lender Guide – Operating Manual – Sec 11 – DAP This section describes the eligibility and procedural requirements of the Downpayment Assistance Program. 20K pdf Lender Guide – Operating Manual – Sec 12 – Foreclosure This section explains the process regarding collection and/or foreclosure of delinquent single family mortgages that CHFA lenders must follow. 306K pdf File Size Type Found: 15  matches     Displaying: 1 - 15