What are CHFA employment guidelines for qualifying for a loan?
CHFA lenders follow the guidelines of the mortgage insurer of the loan with regard to the employment history of a loan applicant. Generally, an eligible borrower will have at least two years of continuous full-time employment in the same job or occupation. However, lenders review CHFA loan applications on a case-by-case basis and consider many factors when assessing a prospective borrower’s credit-worthiness.
