Programs For First Home Buyers In CT
First time home buyers in Connecticut have many options available to them for help in purchasing their first residence. The Connecticut Housing Finance Authority (CHFA) provides some very rewarding programs for Connecticut residents seeking to purchase their first home.
Here are some highlights:
Homebuyer Mortgage Programs
The Connecticut Housing Finance Authority (CHFA) offers a variety of home loans at below-market or competitive interest rates to eligible first-time homebuyers and to prior homeowners intending to purchase homes in areas targeted for revitalization.
CHFA also offers special loan programs that assist renters who receive public assistance move responsibly into homeownership and that encourage borrowers to live in the communities where they work.
Follow the links below to find the CHFA loan program that is right for you.
Homebuyer Mortgage Program
Learn about our competitive mortgages if you are a first-time homebuyer or a prior homeowner buying a home in a federally targeted area.
Apply for a low interest supplementary second mortgage to help you pay upfront expenses like down payments and closing costs if you have already qualified for a CHFA mortgage.
Mortgage Programs for Military, Police and Teachers
Investigate our competitive mortgages if you are a teacher, police officer, Active Duty service member, National Guard member, veteran of the U.S. military or a widowed military spouse or civil partner.
Homeowner’s Equity Recovery Opportunity (HERO) Loan Program
Explore our affordable home financing opportunities if you are purchasing and/or rehabilitating foreclosed or abandoned properties.
FHA 203(K) Full and 203(K) Limited Rehabilitation Mortgage Loan Programs
Look into an FHA 203(k) Rehabilitation Mortgage if you are interested in buying and renovating a home and/or participating in the HERO Expansion Program.
HFA Preferred Loan Program
CHFA offers a first-time homebuyer mortgage loan program that offers a 30-year, fixed rate mortgage with low cost mortgage insurance coverage requirements. There are no exceptions for CHFA Income Limits in Targeted Areas with this Program.
Homeownership Mortgage Program
Learn about our affordable mortgages if you are an eligible tenant of publicly assisted housing and wish to become a homeowner.
Home Of Your Own Mortgage Program (HOYO)
Learn about our affordable mortgages if you have a disability and are a first-time homebuyer or a prior homeowner moving to a targeted area of the state.
Mobile/Manufactured Home Mortgage Program
Explore our affordable home financing opportunities if you are purchasing a mobile manufactured home in a state-licensed mobile home park.
Section 8 Housing Choice Voucher Homeownership Mortgage Program
Explore our competitive mortgages if you receive Section 8 housing vouchers and wish to use them towards a monthly home mortgage pa
For complete details on these programs, including contact information and instructions on how to apply, please visit this CHFA programs page.
More Connecticut First Time Buyer Programs
In addition to the above homebuyer programs offered by CHFA, there are local housing agencies in various towns, cities and counties throughout the state that provide financial assistance to 1st time property buyers as well. To determine availability in your area, please visit local first time home buyer programs in Connecticut.