With a minimum of $1000 toward their home purchase, single-family homebuyers within certain income limits may benefit from the HomeOpener mortgage assistance program. This program has no limits on the purchase price of the home and no requirements regarding first-time home purchasers.

Maintaining the same eligibility requirements as the CHFA HomeOpener program, HomeOpener Plus is a mortgage assistance program which also offers help with the up-front costs of buying a home in the form of a market-rate second mortgage.

This is the loan program which works with HomeOpener Plus recipients to provide certain homebuyers with down payment assistance. This loan may be made for up to 3 percent of the purchase price of the home, and is written under the same terms as the first mortgage. Certain other conditions apply.

We are approved by the U. S. Department of Housing and Urban Development (HUD) to provide counseling, education and advice in housing issues to new and existing homeowners.

Targeted at helping the disabled and parents of disabled children, the CHFA HomeAccess program offers a zero percent second mortgage of up to $25,000 to help with down payment and closing costs for HomeAccess First Mortgage borrowers. The second mortgage only requires payment on the interest, with the principal only due upon the sale of the property, the refinance or repayment of the first mortgage, or the borrower's change in primary residence. Income and purchase price limits apply.

The CHFA has found a way to help homeowners use their federal First-Time Home Buyer Tax Credit toward their down payment and closing costs. The JumpStart second mortgage offers a zero percent interest rate if the loan is paid in full by June 30, 2010, giving recipients plenty of time to use the actual tax refund to pay off the loan. If the due date is missed, this second mortgage becomes an 8 percent, 120-month loan with interest accruing as of July 1, 2010. Income limits and homebuyer education requirements apply.

The Mortgage Credit Certificate helps first-time homebuyers and qualified refinancers to change 20 percent of their mortgage interest from a federal tax deduction to a refundable federal tax credit.

This loan program may be used by HomeOpener Plus borrowers for help with the minimum up-front costs of purchasing a home. The second mortgage will have the same interest rate, term, payment due date, and lender as the HomeOpener Plus first mortgage.

This CHFA program is meant to help current renters on public assistance to move into their own home. Once approved by the Public Housing Authority, these first-time homebuyers can use the SectionEight Homeownership Program to secure a 30-year market-rate mortgage. The SectionEight Plus second mortgage loan is also available to help with the up-front costs of purchasing a home, up to 3 percent of the first mortgage.