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Are CHFA mortgage programs only for first-time homebuyers?

April 26, 2017chfa first-time homebuyers mortgage Programs

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Are CHFA mortgage programs only for first-time homebuyers?

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No. While CHFA mortgage programs are intended primarily to benefit first-time homebuyers, previous homeowners that meet the other eligibility guidelines may apply for a CHFA home loan as long as they have not had an ownership interest in a principal residence for the past three years. Previous homebuyers who intend to purchase a home in a federally targeted area of the state may also be eligible for a CHFA loan.