Understanding CHFA Income Limits | Speak Straight Mortgage

In our latest video, Matt from Speak Straight Mortgage provides an in-depth exploration of CHFA (Colorado Housing and Finance Authority) income limits and qualifying income requirements. If you’re concerned about exceeding the income limits for CHFA programs, this video will help you understand the key distinctions and calculations involved.

Key Points Covered

CHFA Income Limits

Matt explains the income limits by county in Colorado, providing a detailed overview that helps you understand the specific thresholds for your area.

Qualifying Income vs. Gross Annual Income

Learn the critical differences between qualifying income and gross annual income, and how each impacts your eligibility for CHFA programs.

Real-World Examples

The video includes scenarios that illustrate how to navigate CHFA income limits effectively, giving you practical insights into the application process.

Program Specifics

Get insights into the First Step and First Generation programs, which utilize gross annual income in their calculations. Understanding these nuances can help you better prepare for the application process.

Professional Guidance

Discover the importance of consulting with mortgage experts to ensure you qualify within the CHFA income limits. Professional advice can make a significant difference in navigating these complex requirements.

Additional Resources

For more information on specific CHFA programs, check out these helpful videos:

• CHFA Smart Step & Smart Step Plus
• CHFA Preferred & Preferred Plus
• CHFA First Generation

You can also review the detailed CHFA Programs and Income Limits by County.

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• Phone: 720-819-4463
• Email: matt@speakstraightmortgage.com
• Website: Speak Straight Mortgage
• NMLS: 1852379

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