• Section 1-General Introduction

• Section 2-Program Information
    -Qualification of Participating Lenders
    -Distribution of Mortgage Funds
    -Funds Available for Targeted Areas
    -Commitment for Mortgage Purchase
    -Retention and Inspection of Records
    -The Federal Recapture Tax

• Section 3-Eligibility
    -Eligible Borrowers
    -Eligible Dwellings
           Approved Condominium Rules
           How to Add a Condo to CHFA Condo List
           CHFA Condo Questionnaire

• Section 4-Rehabilitation Mortgage Loans
    -Program Descriptions
    -Borrower Eligibility
    -Principal Residence Requirement
    -Rehabilitation Loan Amounts
    -Builders and Contractors
    -Contracts and Rehabilitation Work Specifications
    -Mortgage Insurance, Processing and Underwriting
    -Completion of Work and Construction Period
    -Rehabilitation Escrow Account
    -Additional Documentation
    -Post Closing
    -Origination Fee

• Section 5-Underwriting
    -Credit Review
    -Applicant Processing
    -Mortgage Insurance or Guaranty
    -Closing Costs
    -Loan Submission to CHFA for Commitment
    -Limited Documentation and Delegated Underwriting

Additional Sections and Information For Participating Lenders