For Homebuyers
Homebuyer Education
The Connecticut Housing
Finance Authority (CHFA) is committed to empowering
first-time homebuyers with information that will help them
make responsible financial decisions as they prepare for
homeownership. To help deliver on this commitment, CHFA
offers homebuyer education courses free-of-charge to
prospective homebuyers and CHFA loan applicants in
partnership with over ten
HUD-approved counseling agencies
throughout the state. CHFA homebuyer courses provide
instruction on the financial and practical steps of buying
and maintaining a home.
Some CHFA mortgage programs
require applicants to attend either a three-hour overview or
an eight-hour in-depth class as part of their loan
application. The eight-hour class, however, is also open to
anyone in the community interested in learning more about
homeownership.
Wherever you are on the path to homeownership - whether
you have already applied for a CHFA home loan or are just
beginning to consider your options- signing up for a CHFA
homebuyer course can help you chart the next stages of your
journey.
 CHFA's three-hour class provides an overview of the financial and practical steps involved in buying and maintaining a home for CHFA loan applicants under the Downpayment Assistance Program, the Homeownership Program and the Home of Your Own Loan Program. CHFA's eight-hour homebuyer class provides in-depth instruction on the steps towards homeownership to anyone interested in buying their first home. It is also mandatory for CHFA loan applicants under the Section 8 Housing Choice Voucher Homeownership Program. Individual financial and credit counseling sessions are also available. CHFA's Landlord Education and Housing Counseling Services provides, free of charge, an overview on the range of financial and practical topics that a homebuyer should understand before completing the 2-4 family homeownership process. This class is required for those purchasing a 2-4 family home under the CHFA Homebuyer Mortgage Program. |