The CHF Access Loan Program
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
Mortgage$193,000 96.5% LTV
CHF Access 2nd
Mortgage $6,000 3.0% For Down Payment
$199,000 99.5% of Sales Price
Buyer’s Down Payment
$1,000 0.5% – Only ½ percent of Sales Price