Compare USDA vs. CHFA

USDA beats a CHFA loan every single time!  And the benefits of the USDA will astound you.

USDA and CHFA both have income limit restrictions.  After the comparison, you will be able to check your eligibility through the department’s online eligibility screen. 

USDA also has property eligibility requirements.  To check for the property’s eligibility, you will be prompted for the department’s property analyzer.

This comparison provided by Envoy Mortgage # 403.  These rates are quoted by this location only.  Other companies and offices may have slightly higher terms.  Rates and terms are subject to change without notice due to the volatile market.

So to recap –    USDA Lower payment!               CHFA Higher payment!

                        USDA Tax Credit Eligible!          CHFA not Tax Credit Eligible!

                        USDA Higher Tax Benefit!          CHFA Lower Tax Benefit!

                        USDA 1 Payment to make!         CHFA 2 Payments to make!

                        USDA no points!                         CHFA 1 Point = (DP Formula)

USDA buyers do not need to be first time homebuyers!!  CHFA you can’t have owned a home in the past three years.

If you would like to get started with a USDA Approved Specialist Click Here or call (860) 829-9600.