Homebuyers using one of our first mortgage loan programs to finance their home purchase are eligible to use CHFA down payment assistance options. Even if you contribute towards a down payment, you may still use one of the options below:
Down Payment Assistance Grant *
- Up to 4 percent of your first mortgage (Example: Get up to $8,000 on a $200,000 mortgage)
- No repayment required
Second Mortgage Loan*
- Up to 5 percent of your first mortgage (Example: Get up to $10,000 on a $200,000 mortgage)
- Repayment of loan balance deferred until certain events, such as payoff of your first mortgage, or the sale or refinance of the home.