CHFA Second Mortgage Loan: This program offers a forgivable loan of up to 4% ($25,000 maximum) of your first mortgage rather than an outright grant. You only need to repay the loan balance if specific events occur, such as when your first mortgage is paid off, when you sell or refinance your house, or when you stop using the home as your primary residence.
To qualify for either program, you must meet the standard requirements, such as meeting the minimum credit score and household income limits and completing a homebuyer education course. Visit the CHFA website for next steps or more information.