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How to Become a CHFA Lender

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Is your company interested in becoming a CHFA Lender? 

Becoming a CHFA-Approved lender will provide your institution with a range of mortgage loan products designed to help borrowers become first-time homebuyers.  

 

Your company will be able to offer homebuyers the following benefits: 

  • Downpayment Assistance Program (DAP) loan to help borrowers cover down payment and closing costs;
  • Below-market interest rates;
  • Specialized programs available for Veterans, Military, Police, Teachers, residents of public housing, and persons with disabilities or disabled household members. 

CHFA is looking for lenders that will actively promote its mortgage programs to borrowers who fall within the CHFA Income and Sales Price Limits, and support first-time homebuyers with lending practices that encourage strong communities throughout Connecticut.  CHFA will train approved lender staff on requirements for originating, processing and underwriting CHFA Bond loan products and provide FREE marketing materials and resources to help ensure your success.

To begin the approval process, complete a Lender Eligibility Assessment and email: NewLenderInquiry@chfa.org

Lender Eligibility Assessment

 

Participating Lender Qualifications

     

 Please note:  To apply as a Participating Lender, an institution must be able to demonstrate a tangible net worth
of $1 million. (or have an acceptable line of credit in this amount). 
 

Click the link below to see qualifications:

participating Lender

 

Correspondent Lender Qualifications

     

Please note:  To apply as a Correspondent Lender, you must be sponsored by a CHFA-Approved Participating Lender, and have a tangible net worth of at least $50,000. 

Click the link below to see qualifications:

Correspondent Lender 
 

Learn how to grow your business with CHFA Homebuyer Mortgage Programs while helping Connecticut residents achieve the dream of homeownership. 

 

If you have questions or would like more information on becoming a CHFA Lender, please email us at:  NewLenderInquiry@chfa.org   or give us a call at (860) 571-4502.

 
 
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