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If you are living with a permanent disability or are the parents or guardians of someone living with a permanent disability, you may qualify for CHFA HomeAccesssm to purchase a home. This fixed-rate mortgage provides an optional $25,000 down payment assistance (DPA) second mortgage loan for down payment and closing cost assistance.
More affordable homeownership: $25,000 down payment assistance
- Use less savings for down payment
- Must use a CHFA first mortgage loan
- Repayment of loan balance deferred until events such as payoff of first mortgage loan, sale of home, refinance of home, or the home is no longer your primary residence
How You Qualify
You must:
- be living with a permanent disability or be the parent or guardian of someone living with a permanent disability (as defined by the Social Security Administration),
- have a mid-credit score of 620 or higher,
- not exceed CHFA’s income limits,
- complete a CHFA-approved homebuyer education class, and
- contribute at least $500 toward the purchase of the home.
In addition to meeting CHFA program requirements, borrowers must qualify according to the underwriting guidelines as determined by a CHFA Participating Lender.