CHF Platinum Program

The CHF Platinum Program is designed to increase homeownership opportunities for low-to-moderate income individuals and families in California.


CHF Platinum Program Benefits:

  • Minimum 620 FICO score
  • 3% of total loan amount may be used for down payment, closing costs, prepaid items, or earnest money
  • Not limited to first time homebuyers
  • For FHA, VA and Rural Housing
  • Only borrower income is used to qualify


CHF Platinum Program Eligibility Requirements

  • Minimum 620 FICO score
  • Must occupy residence their primary residence
  • Meet all required FHA, CA, USDA-RHS underwriting criteria
  • Income must be below $85,200.00 (San Bernardino/Riverside County)


CHF Platinum Program Key Highlights

  • 30-Year fixed term with full amortization
  • Grant Funds available from CHF:
  • May not exceed 3% of the First Mortgage Loan amount
  • Proceeds may be used for down payment and/or closing costs
  • There must be no cash back to the borrower from the Grant Fund proceeds
  • Maximum loan amount the lesser of $417,000 (not including MIP) or maximum loan amounts permitted by HUD
  • Program is only available for SFR owner occupied units, agency approved condos and PUD’s
  • Up to 6% seller concessions allowed