CHFA Second Mortgage

CHFA Second Mortgage — Secure Up to 4% Deferred Assistance

The CHFA Second Mortgage program allows Colorado buyers to access a higher tier of assistance — up to 4% of the total loan amount. This second position option defers monthly payment obligations completely. The balance simply becomes due upon sale, transfer, or refinancing of the underlying property asset.

Up to 4%

total loan capital assistance

Deferred

No monthly payment obligations

620

Minimum FICO limit matching

Program Requirements Breakdown

Understand the baseline parameters required to capture 4% deferred asset assistance via CHFA tracking.

FICO Caps

Requires a clean 620 minimum mid-FICO repository credit calculation.

Debt Limits

Debt-to-income metrics are kept strictly capped at a 45% or 50% limit based on system automated software findings.

Course Rule

Requires mandatory attendance at an approved CHFA homebuyer education session before formal package submission.

Occupancy

Must be occupied solely as your absolute primary residential property asset configuration.

The 5-Step Path

01

Calculations

Forge defines your exact purchasing threshold alignment and credit positioning profiles.

02

Class Track

Completion of the state educational homebuyer module requirements.

03

Asset Search

Property selection and real estate offer deployment under formal matching guidance.

04

Validation

Dual-position processing through standard localized underwriter review queues.

05

Settlement

The 4% assistance balance is securely recorded on title docs with zero active ongoing monthly servicing obligations.

REAL CLIENT REVIEWS

What Colorado Homeowners Say

"Franz walked us through every detail. We were first-time buyers and he treated us like we mattered. Closed in 28 days with DPA covering our entire down payment."

— Maria & Carlos R.

"Self-employed, three businesses, never thought I could get a mortgage easily. Forge sorted it in two weeks. Took less time than my refinance with a different lender."

— Priya M.

"Big-name lender denied us. Franz looked at our file, suggested a different program, and got us approved. Same income, same credit. Forge knows what other lenders don’t."

— Anthony G.

"VA loan with zero down. Franz handled both the mortgage AND helped us find the home. One person, one transaction, zero confusion."

— James T.

COMMON QUESTIONS

Frequently Asked Questions

When do I pay back the second mortgage?

Repayment is deferred until you sell the home, refinance the first mortgage, or pay off the primary loan balance entirely. No interest accrues during the life of the deferment.

What is the minimum credit score for the 4% program?

Like most CHFA programs, a minimum credit score of 620 is required to qualify for the 4% deferred second mortgage.

Ready When You Are

Your Goals. Our Game Plan.

Schedule your free 30-minute consultation. We’ll review your credit, income, and goals — and map you to the right loan and DPA program. No pressure, no obligation.