SmartMove Homeownership Fund Second Mortgage Program
(for residents of Fairfield County)

CHFA has partnered with the Housing Development Fund, Inc. (HDF). CHFA will provide the first mortgage financing for a home, and HDF will provide a downpayment second mortgage loan to cover a 20% downpayment of the purchase price for eligible borrowers purchasing a home in Fairfield County. The second mortgage loan is for a term of 20 years at an interest rate of 3%. This will help alleviate having the borrower pay for mortgage insurance (which could be as much a $100 per month).

The HDF second mortgage program is being offered to low- and moderate-income families looking to purchase their first home in Fairfield County, including the cities of Stamford, Norwalk, Danbury and Bridgeport metropolitan statistical areas (Service Area). It is slated to be a 3-year pilot program.

The following lenders have agreed to participate in this second mortgage program:

Citibank - Babette Arroyo (203) 975-6314
Bank of New York – Jay De Castro (800) 677-0595 x227
First County Bank – Shirley Hannigan (203) 462-4322
Newtown Savings Bank - Laura Manz (800) 461-0672
People's Bank – Tina Rafael (203) 338-7295
Savings Bank of Danbury – Michelle Grull (203) 797-2639
Sound Federal Savings - Timothy Murphy (914) 761-3636

For more information and to apply, go to: www.hdf-ct.org