Special Loan Program For 1st Time Buyers In CT
Looking to purchase your 1st residence in Connecticut but find yourself at a loss as to where to turn for a mortgage loan? Look no further. First time home buyer loans in Connecticut are provided by the Connecticut Housing Finance Authority (CHFA). Not only do they provide below-market rates on your home mortgage loan, they also provide other very attractive programs for 1st time home buyers.
Here are some details on CHFA’s loan program:
Homebuyer Mortgage Program
The Homebuyer Mortgage Program offers home loans at below-market interest rates primarily to people that have never purchased a home before or have not had an ownership interest in a house for at least 3 years. Previous home owners might qualify for this loan if they intend to purchase a home in a federally targeted area that would benefit from an increase in home ownership.
CHFA is committed to helping Connecticut residents achieve their dream of homeownership and values its partnership with the qualified lenders for this program. Prospective borrowers may apply directly for a Homebuyer Mortgage Program loan at their local CHFA-approved participating bank or mortgage company. (See, list of Participating Lenders near you.)
Follow the links below for more information regarding the Homebuyer Mortgage Program.
- Homebuyer Mortgage Program Interest Rates
- Who can apply for a Homebuyer Mortgage Program loan?
- What types of property can you purchase with a Homebuyer Mortgage loan?
- What else should you know about a Homebuyer Mortgage loan?
- How do you apply for a Homebuyer Mortgage loan?
- Questions? Contact CHFA.
- Additional information
For complete details on this loan, including contact information and instructions on how to apply, please visit this CHFA loan information page.
More Connecticut First Time Buyer Resources
In addition to the above first time homebuyer loan from CHFA, there are resources available as well. Be sure to visit Connecticut down payment assistance, as well as our page that shares details about grants available in CT to purchase your first home.