CHFA Mortgage Loans

As a Colorado Housing and Finance Authority (CHFA) Participating Lender, Ent supports affordable financing options for first-time homebuyers as well as current homeowners seeking to buy or refinance.

All CHFA loans require completion of a CHFA-sponsored homebuyer education class, which can be achieved via a free in-person class or an online class with a $99 fee. 

Choose the CHFA program that meets your needs:

CHFA AdvantageSM Purchase and Refinance Program

  • Current and first-time homebuyers 
  • 30-Year fixed term
  • 680 Minimum borrower credit score
  • Gifted funds may be used as part of the down payment
  • Financing available up to 97% of the home's cost  
  • No private mortgage insurance requirement 
  • Maximum loan amount of $417,000  

CHFA PreferredSM and CHFA Preferred PlusSM 

  • Purchase and refinance mortgage loans
  • 30-Year fixed term
  • 620 Minimum borrower credit score
  • 3% Minimum down payment which may included gifted funds
  • Financing available up to 97% of the home's cost
  • No up-front premium on private mortgage insurance
  • Optional second mortgage loan may be used for down payment requirement
  • CHFA Preferred PlusSM offers the above plus a CHFA Down Payment Assistance Grant (available on purchase loans)
  • Borrower must contribute a minimum of $1,000 toward purchase of home

CHFA SmartStepSM Plus* 

  • Purchase mortgage loans
  • 30-Year fixed term, FHA, VA
  • 620 Minimum borrower credit score 
  • Option to add a CHFA Statewide Mortgage Credit Certificate** for an annual tax credit
  • Offers a CHFA Down Payment Assistance Grant
  • Typically offers one of CHFA’s lowest interest rates
  • Borrower must contribute a minimum of $1,000 toward purchase of home

CHFA HomeOpenerSM Plus* 

  • Purchase and refinance mortgage loans
  • 30-Year fixed term
  • 620 Minimum borrower credit score
  • Option to add a CHFA Down Payment Assistance Grant
  • Features higher income limits than other CHFA programs
  • No purchase price limits
  • Borrower must contribute a minimum of $1,000 toward purchase of home
 
*In addition to qualifying for the CHFA program guidelines, you must also qualify according to the first mortgage underwriting guidelines as determined by your CHFA Participating Lender.
**Per CHFA availability.

Standard credit and underwriting guidelines apply. All loans are subject to final credit approval. Financing on homes throughout Colorado. The interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for federal income tax purposes. Consult a tax adviser for further information regarding the deductibility of interest and charges.