This loan program provides a second mortgage in conjunction with the first mortgage in order to assist qualified buyers with their down payment and/or closing costs when purchasing a home.

Total financing available up to 99.5% of the purchase price.

  • First mortgage is a 30 year fixed rate
  • Second mortgage is a 15 year fully amoritized,  fixed rate that can be used for downpayment or closing costs
  • Primary residence, owner occupied
  • Does not have to be a first-time homebuyer
  • Homebuyer Education class required
  • Income limits apply

Home Purchase Example

Purchase Price:


FHA 1st

Mortgage$193,000         96.5% LTV

CHF Access 2nd

Mortgage       $6,000             3.0% For Down Payment

Total Financing

$199,000         99.5% of Sales Price

Buyer’s Down Payment

$1,000             0.5% – Only ½ percent of Sales Price