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How to Become a CHFA Lender


Are you interested in becoming a CHFA Lender? 

The CHFA Lender-Approval process requires a prospective CHFA lender/ servicing company to submit documentation to CHFA that establishes its qualifications.  Specifically, the prospective CHFA lender must submit a letter describing its organizational structure, the location of its offices and the credentials of its key personnel to CHFA.  

It must also submit copies of approval letters from the FHA and the VA, (if it seeks approval to originate and close these type of loans), a copy of its most recent audited financial statements as well as a copy of its quality control plan.  Finally, it must include three professional references from other banks, mortgage companies or Housing Authorities that attest to the institution’s experience in and capacity to service home loans.  

To complete the approval process, an institution is also required to attend CHFA lender training and to sign a Participating Lender Agreement and/or a Servicing Agreement.   Once approved, lenders are placed in the CHFA vendor system which enables them, among other things, to register for loans and reserve funds on-line.


Qualifications for a Participating Lender

In general, institutions eligible for CHFA-Participating Lender status must have an actual “bricks and mortar” office in Connecticut.  They must also demonstrate that they have a tangible net worth of at least $1,000,000 (or an acceptable line of credit to this amount); they are Federal Deposit Insurance Corporation (FDIC) - or Federal Savings and Loan Insurance Corporation (FSLIC) - insured or have at least 12 months of experience making mortgage loans on homes in Connecticut; they have a sufficient number of trained personnel to originate and close mortgage loans; they maintain quality control systems and they comply with any relevant state and/or federal laws, regulations and licensing requirements.

Please note: An institution seeking approval as a CHFA loan servicing company must only demonstrate that it has a proven ability to service loans like the kind for which it seeks approval and does not need FHA or VA approval.


Qualifications for a Correspondent Lender 

In general, institutions eligible for CHFA-Correspondent Lender status are required to submit evidence to CHFA that demonstrates that they meet the same criteria as a Participating Lender, with the exception that they do not need FHA or VA approval and may have a tangible net worth of at least $50,000.  In addition, an institution seeking approval as a Correspondent Lender must submit a letter from a sponsoring, CHFA-approved Participating Lender with a tangible net worth of at least $1,000,000.

See below for links to the forms you will need to submit to become a CHFA lender.  If you have questions, or for more information on becoming a CHFA Lender, please email .


CHFA is not currently accepting applications for new Lenders.  Please check back again in the future.


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