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Bobby Kurpinsky: Hi, this is Bobby Kurpinsky with People's Bank, here to talk about the
CHAFA Smart Step and CHAFA Smart Step Plus Program. Here's how it works. CHAFA can help
make your first home purchase a safe, affordable and understandable process. This program has
a fixed interest rate, an optional CHAFA second mortgage loan to use for down payment and/or
closing cost assistance, and an optional CAHAFA statewide mortgage credit certificate.
The CHAFA Smart Step Program offers affordable fixed interest rates and 30 year term. The
CHAFA Smart Step Plus Program includes a second mortgage loan for help with down payment and/or
closing costs. Just like the CHAFA Smart Step, this loan has a 30 year term at affordable
fixed interest rates, which has the same rate and term as the first mortgage.
To qualify for either program you must be a first time home buyer, which means you haven't
owned a home in the past three years, a non-first time home buyer in a targeted area, or an
eligible veteran. Your total household income and the purchase price must be within the
limits, and you must complete a CHAFA homebuyer education class online or in person prior
to loan closing. You must also contribute a minimum of a thousand dollars towards the
purchase of the home, and you must have a mid-score of 620 or higher.
For more information please contact Bobby Kurpinsky at 720-318-5872, or email bkurpinsky,
that bkurpinsky@epeoples.com.