As of yesterday, April 24, 2013 CHFA announced a new guideline change for their CHFA Advantage program. They have lowered the credit score to 680!!! (Previously 700). It may not seem like a lot but for those of you who are just shy of that 700 score it is a big deal and a breathe of fresh air.
The CHFA Advantage program is special because it allows a for a 3% down payment with NO MI!! And if needed you are able to use a gift and/or down payment assistance. Make sure to read more about the program and ask your lender today if this is a good option for you.