Скачать или смотреть CHFA Smart Step | Down Payment Assistance | First Time Buyer

CHFA Smart Step Down Payment Assistance Mortgage Program Explained
This video is all about the awesome CHFA (Colorado Housing and Finance Authority) Smart Step program. It's a super popular mortgage program that's perfect for first-time homebuyers and anyone interested in CHFA's offerings.

Here's what we cover:

High Income Limits: Find out about the Smart Step program's high income limits and how it's different from other CHFA programs.
Flexible Income Calculation: Learn how only the qualifying income used by the lender is considered, making it easier for higher earners to qualify.
Less Underwriting Scrutiny: Discover how Smart Step requires less documentation, which means faster closing times.
Program Options: Explore the three main options under Smart Step – No Down Payment Assistance, Plus Grant, and Plus Second Mortgage.

Here are the program benefits:

No Down Payment Assistance (DPA): Offers discounted interest rates for those who don't need down payment assistance.
Plus Grant: Provides non-repayable grants of 3% of the total mortgage amount or $25,000, whichever is less.
Plus Second Mortgage: Features a 0% interest second mortgage with no payments until the home is sold or refinanced.

This video aims to provide valuable insights into the advantages of the CHFA Smart Step program, whether you're navigating the home buying process or just exploring your options. Feel free to check the description for more information on other CHFA programs and reach out if you have any questions!

Links to Other CHFA Programs and More Information:
CHFA First Generation    • CHFA FirstGeneration | First-Generation | ...  
More First Time Buyer / Down Payment Assitance Programs: https://www.speakstraightmortgage.com/loan...
Apply Now: https://www.blink.mortgage/app/signup/p/sp...

Matt's Contact info
720-819-4463
[email protected]
www.speakstraightmortgage.com
NMLS 1852379

0:00 Intro
0:28 Income Limits
0:53 Qualifying income vs Gross Annual income
4:00 Less Scrutiny.. Faster Closing for Smart Step
7:58 Grant vs Silent Second