Home of Your Own Program
(HOYO - for persons with disabilities)

CHFA offers 30-year fixed rate mortgages (Current Interest Rate)
for persons with disabilities who wish to purchase their first home. Applicant must provide proof of disability to a lender when applying for a loan under this program, i.e, proof of disability compensation from Social Security, SSI, DMR or other disability payment.

Household income limits for this program are as follows:

One- and two-person households earning up to $81,000 per year are eligible. Households of three or more may earn up to $93,150. All property eligibility requirements and additional considerations under the Homeownership Program apply.

The loan is subject to federal recapture tax if the borrower sells the home within nine years, there is a capital gain on the sale of the home and the borrower's household income at the time of the sale exceeds applicable limits. (Federal Recapture tax occurs at the time property is sold, only if all three conditions apply.)

CHFA Contact:
Single Family Underwriting (860) 571-3502