CHFA Loans are offered through the Connecticut Housing Finance Authority. They are for First Time Homebuyers who are looking to purchase a home in certain areas that are targeted for revitalization. The interest rates on these loans are below-market.
ALL CHFA LOANS ARE AVAILABLE FOR REFINANCE & PURCHASE TRANSACTIONS.
Down Payment Assistance Program
DAP Loans. When you can afford monthly mortgage payments but don’t have enough saved for the down payment.
For first-time homebuyers. Below-market interest rate loans to cover purchasing and renovation costs, including abandoned or foreclosed properties.
Save on insurance costs and CHFA’s below-market interest rates. For first-time homebuyers or those purchasing a home in a targeted area.
CHFA offers an additional 0.125% off already below-market interest rate loans to help Teachers become homeowners in the communities where they work.
CHFA offers an additional 0.125% off the already below-market interest rate loan to help Police Officers purchase homes in the participating communities where they work.
CHFA offers an 0.125% off already below-market interest rates for veterans or Military Service members loans.
Home of Your Own Program
For persons with disabilities, or a family member who will be living in your home. Low-interest rate loans for first-time homebuyers.
For Residents of Public Housing. Designed to ease the transition from renting to homeownership by offering below-market interest rate loans to qualified tenants.