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CHFA Not For Just First Time Homebuyers.


 
 
 
 
 
 
 
 
Last week I posted a blog updating some of the changes to Connecticut Housing Finance Authority (CHFA) since my previous post. This post covered most of the requirements for CHFA Loans as well as additional programs that they have. The danger of writing a post like this is that it covers so much, that it is very easy to miss some very important points that most do not know, or have a misconception about. The reason why I included so much in that blog is because I wanted a blog that a Borrower could go to, and read all about CHFA in one place without having to search around and jump from one screen to another.
The purpose of this blog and possibly others to follow, is to just pull out one of the features of CHFA that is commonly misunderstood, or not know, which could have easily been overlooked when reading the more inclusive blog.
One of the major misunderstandings about CHFA is that it is JUST for First Time Homebuyers. A First Time Homebuyer is defined as someone who has not owned a property in the last three years. ... more

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