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
Follow the links below to view or print the CHFA Lender
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|Operating Manual - Cover - Table of Contents Rev 6-17|
These documents provide the cover page and table of contents for the CHFA Operating Manual.
|Operating Manual - Section 01 General Introduction Rev 4-15|
This section provides an overview of the contents, purposes and organizational structure of the guide.
|Operating Manual - Section 02 Program Information Rev 1-17|
This section describes program qualifications for lenders; how funds are committed and distributed in targeted and non-targeted areas, and how Federal Recapture Tax is calculated.
|Operating Manual - Section 03 Eligibility Rev 11-17|
This section describes eligible borrowers and eligible dwellings for CHFA programs.
|Operating Manual - Section 04 Rehabilitation Mtg - 203(k) Standard-Limited Programs Rev 4-16|
This section describes the features and requirements of the Rehabilitation Mortgage Programs - currently 203(k) Standard and 203(k) Limited.
|Operating Manual - Section 05 Underwriting Rev 5-17|
This section describes Credit Review, Applicant Processing, Mortgage Insurance of Guaranty, Closing Costs, and Loan Submission for CHFA Commitment.
|Operating Manual - Section 06 Loan Preparation Rev 6-17|
This section explains the Terms and Conditions of loans; Title Insurance, Hazard/Flood Insurance, Property Description, and Appraisal Requirements in the loan preparation process.
|Operating Manual - Section 07 Loan Purchase Rev 5-17|
This section explains Loan Closing, Purchase, Release and Assumption procedures for CHFA's current servicers.
|Operating Manual - Section 08 Downpayment Assistance Program Rev 5-17|
This section describes the eligibility and procedural requirements of the Downpayment Assistance Program.
|Operating Manual - Section 08A (Addendum) Downpayment Assistance-Special Program Rev 8-16|
This section describes a Special Veterans Program - The Veterans Homeownership Pilot Program is offered to eligible, honorably discharged Veterans for downpayment and/or closing cost assistance at a 0% interest rate.
|Operating Manual - Section 09 HFA Preferred Program Rev 5-17|
This section provides information regarding the FNMA-HFA Preferred Loan Program.
|Operating Manual - Section 10 Apartment Conversion For The Elderly (ACE) Program|
This section describes the Apartment Conversion For The Elderly Program (ACE). Program based on availability of CHFA funding.
|Operating Manual - Section 11 Investor Reporting and Remittance Guidelines Rev 4-2017|
This section describes the Investor Reporting and Remittance Guidelines.
|Operating Manual - Section 12 Delinquency Foreclosure Reporting 4-2013|
This section contains instructions and guidance regarding the reporting of delinquency and foreclosure portfolios.
|Operating Manual - Section 13 Appendices Rev 4-15|
This section provides an overview of where to locate Interest Rates, Income Sales Price Limits, Targeted Areas, Checklists and Bulletins and Notices.
|Operating Manual - Section 14 Forms Rev 8-17|
This section contains forms prepared by CHFA for use in originating and processing mortgage loans. The Participating Lenders are responsible for obtaining or reproducing the forms. CHFA forms may not be changed or altered without prior written approval.
|Operating Manual - Section 15 Glossary of Terms Rev 5-16|
This section contains descriptions for frequently used terms within the Operating Manual.
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