Homebuyer Tools, Calculators and Look-ups

Homebuyer Income Limits

The Connecticut Housing Finance Authority (CHFA) establishes maximum household income limits on most borrowers eligible for CHFA mortgages.  The income limits vary by town and city to correspond with differences in cost of living and median incomes throughout the state. The income limits also differ between households of less than three residents and households of three or more residents.

Income limits do not apply for borrowers purchasing homes in targeted areas of the state, unless they have secured a down payment assistance second mortgage through another CHFA program.

“Household income” includes all before-tax income from any adults 18 or older who are not full-time students and who live in the home.

The look-up table below will help you to compare your household income against the eligible income limits of the town or city where the home is located.

Related Documents Found: 2  matches     Displaying: 1 - 2  File Size Type Homebuyer Income and Sales Price Limits This document details the income and sales price limits that are in effect in different geographic regions of the state. 525K pdf Listing of Targeted Areas with Census Tracts This is a listing of Tarted Areas with Census Tracts in conjunction with CHFA Homebuyer Programs. 9K pdf File Size Type Found: 2  matches     Displaying: 1 - 2