Audra Santos from Norcom Mortgage is one of the few lenders in the State of CT approved to close loans with the Connecticut Housing Finance Authority (CHFA) for the new Time To Own Program. The new Time To Own Program is a new forgivable down payment assistance loan that can help first time homebuyers by contributing up to $50,000 toward down payment and closing costs.

Here are some of the benefits of the program for your credit union members:

  • 0% Interest rate with no monthly payment required.
  • Ten percent (10%) of the principal balance will be forgiven annually, on the anniversary date of the loan closing, until the loan is fully forgiven on the tenth anniversary.
  • Financing to cover up to 20% down payment and up to 5% closing costs.
  • Loan amounts up to $50,000 for homes located in High or Very High Opportunity Areas 
  • Loan amounts up to $25,000 for homes located in areas other than High or Very High Opportunity Areas.
  • Can be used in conjunction with other down payment assistance programs

Contact Audra Santos at 203-526-9345 or

This is not an offer to make a loan or to make a loan on any particular terms. All loan applicants must qualify under underwriting requirements and satisfy all contingencies of loan approval. Rates and terms subject to change without notice. Norcom Mortgage NMLS ID # 71655 (