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New Tax Credit .................... Connecticut Housing Finace Authority (CHFA)


The new Tax Credit has created a great new opportunity for all First Time Home Buyers, but it has created an even bigger opportunity for who are able to qualify for a CHFA Loan.  The previous Tax Credit was not available for mortgage loans that were funded/backed by Tax Exempt Bonds.  But the new Tax Credit in is now available for these loans as well as continuing to be available to all the other mortgages like FHA, VA, and Conventional loans.
This is HUGE for CHFA Borrowers because now they may have the ability to not only apply for a mortgage that has below market rate interest, but they may also be able to borrow the Downpayment & Closing Costs at the same rate, as well as not getting this tax credit to do improvements to the property. For more information on the Tax Credit please read my blog "Washington Update ........ New Tax Credit".
Because of this great new opportunity for CHFA Borrowers, I thought that it would be good to include here a post that I did a while back on CHFA.
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The Connecticut Housing Finance Authority The (CHFA) is Connecticut’s Premier Mortgage Loan Program for ... more

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