CHF Platinum 99.5% Financing
Borrower must meet the following requirements:
Occupy the residence as their primary residence; non-occupant co-borrowers are not allowed.
Borrower income cannot exceed CHF income limits for the county in which the property is located: 120% Area Median Income (AMI). Refer to www.nhfloan.org.
Minimum Credit Score of 620.
Meet all required FHA, VA, USDA-RHS underwriting criteria
Maximum Loan Amount:
The lesser of $417,000 (not including MIP) or maximum loan amounts permitted by HUD
Grant Funds available from CHF:
May not exceed 3% of the First Mortgage Loan amount
Proceeds may be used for down payment and/or closing costs
There must be no cash back to the borrower from the Grant Fund proceeds
Fees and Points Lender charges Borrower:
Origination Fee: 1.00%