chfa Risc

Report
chfa risk information
score card (chfa risc)
Presented by:
Karen Harkin
303.297.7327
purpose of chfa risc

Allow CHFA to continue to serve applicants from
580 through 619 and loans that have to be
manually underwritten

Allow CHFA to serve applicants from 620 through 659
with DTI’s in excess of 43.0%

Help applicants, who do not meet CHFA
requirements at this time, understand the issues
they need to address to improve their readiness to
purchase a home
2
use chfa risc for any loan
where you have

An applicant who has a credit score of
580 through 619

To manually underwrite the loan

An applicant who has a credit score of
620 through 659 with a DTI in excess of 43.0%
3
stops - applicants who

Have credit scores from 580 through 619
and a DTI in excess of 43.0%

Have a manual underwritten loan DTI
in excess of 43.0%

Have credit scores from 620 through 659,
a DTI in excess of 43.0% and can’t pass RISC

Late payments on Mortgage or Rent
in last 12 months

Non-medical collections within most recent 12 months
(unless totaling less than $100)

Non-medical collections in excess of $2,000 total
in 13-24 months – even if paid
4

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