Teachers Mortgage Assistance Program

CHFA offers a special, low interest rate mortgage to make the dream of
homeownership more affordable for Connecticut certified public school teachers.

Eligible Borrowers

If you are a Connecticut certified full-time or part-time public school teacher or vocational-technical teacher employed by and teaching in your endorsement area in a priority or transitional school district, or are certified to teach and are teaching in a state-identified subject matter shortage area, you may qualify for the Teachers Mortgage Assistance Program.

You need to be a first-time homebuyer, or not have owned a home during the past 3 years. (Prior homeowners may be eligible to purchase homes in a targeted area of the State.) When applying for a loan, you must submit a Statement of Eligibility letter from the school district superintendent where you teach, verifying that you are a certified teacher in either a priority or transitional school district or teach in a state-identified subject matter shortage area. This document will be provided to you by your lender.

Loan Terms (First Mortgage)
CHFA provides a 30-year, fixed rate mortgage loan.  Click here for
Current Interest Rate (this rate is subject to change). An origination fee of one point (1% percent of the loan amount) is charged.

As a Connecticut certified public school teacher, you will be qualified for a mortgage based on CHFA guidelines that include credit, income and employment history. Household income limits, which vary by county, apply to all borrowers with one exception: In targeted areas, over-income households may still apply for CHFA financing without regard to the income limits.

Eligible Properties
CHFA mortgage programs offer financing of existing and newly constructed single family homes, existing two- to four-family homes, eligible condominiums, and newly constructed two-family homes* . The sales price limits established for the CHFA Homebuyer Mortgage Program apply.

* Newly constructed two-family homes in targeted areas only.

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