The HFA Advantage and HFA Preferred mortgage Programs are popular for first-time homebuyers, as they can help borrowers save on insurance costs, along with CHFA’s below-market interest rate. If you are not a first-time homebuyer, you may qualify for these mortgages if you are purchasing a home in a targeted area.
- Single-family homes, Townhouses
- Fannie Mae or Freddie Mac eligible Condominiums
- Planned Unit Developments (PUDs)
- Two-to-four unit homes
Note: The HFA Advantage mortgage Program is not available for two-to-four family homes.