Borrowers receive hands-on assistance, an interview from The Denver Post, reports that Karen Harking, director of home finance with the Colorado Housing and Finance Authority, said
CHFA requires and pays for all of their borrowers to attend homebuyer education, which has helped keep the current delinquency and default rates at a minimum. She added that
CHFA offers 30- and 40-year fixed-rate loans and has never done adjustable-rate mortgages or exotic mortgages. CHFA's newest refinance product is CHFA FHASecure. FHASecure is an FHA-insured 30-year mortgage designed by HUD. A borrower may be eligible for the FHASecure even if they are behind on their existing mortgage because of an interest-rate adjustment which caused their payment to increase.
The Denver Post - Borrowers receive hands-on assistance
Welcome to City-Data.com forum! Make sure to register - it's free and very quick! You have to register before you can post and participate in our discussions with 700,000 other registered members. User profiles and some forums can only be seen by registered members. After you create your free account you will be able to customize many options, you will have the full access to over 15,000 posts/day about local topics and you will see fewer ads. 
Colorado Housing and Finance Authority (CHFA)
Linear Mode
