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Do CHFA programs require the borrower to make a minimum financial investment?

April 26, 2017borrower chfa financial Investment minimum Programs require

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Do CHFA programs require the borrower to make a minimum financial investment?

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Yes; the amounts are as follows: a. $1000 for all mortgage loans in the CHFA HomeOpener Program. b. $750 for typical HomeAccess loans, or if the Borrower elects to make mortgage payments through ACH, then it is $500.