The Connecticut Housing Finance Authority offers home loans at below-market and competitive interest rates to eligible homebuyers through its various Homebuyer Mortgage Programs. Homebuyers must apply through one of our CHFA- Participating Lenders.
If you're purchasing a home located in a federally Targeted Area of the state, you will receive an additional 0.250% discount on the CHFA published interest rate. Borrowers cannot combine the Targeted Area discount with any other discount rate. You can view all Targeted Area locations by visiting the CHFA Resource Map.
The following Special Programs offer a 0.125% discount on the CHFA published interest rate: Home of Your Own Program for applicants who are disabled or have a disabled member of the household, Homeownership Program for residents of public housing, Military Homeownership Program, for current and veterans of any branch of Military Services, Police Homeownership Program , for municipal officers purchasing in the town in which they work and state troopers purchasing anywhere in the state, and Teachers Mortgage Assistance Program, for various types of CT licensed teachers. Please note, rate discounts cannot be combined.
| Program | Government Insured | Non-Government Insured | Origination Fee | Annual Percentage Rate Range |
|---|
| N/A | 5.000 | 0.0 | 5.100% - 5.500% |
| | Note: Interest rate= (i.) First mortgage rate in effect -OR- (ii.) 5.00% (5.10% -5.50%); whichever is less. Up to a $600 Application Fee payable to the Lender and up to $200 Settlement Agent Fee. Additional fees may apply. |
| N/A | 0.000 | N/A | N/A |
| | Note: 0% interest and no monthly payments. Ten Percent of the principal balance forgiven annually, on the anniversary date of the loan closing, until the loan is fully forgiven on the 10th anniversary. See (DAP) above for applicable fees. |
| N/A | 5.875 | 0.0 | 5.975% - 6.375% |
| N/A | 5.875 | 0.0 | 5.975% - 6.375% |
| 5.500 | N/A | 0.0 | 5.600% - 6.000% |
| N/A | 6.125 | 0.0 | 6.225% - 6.625% |
| 5.750 | N/A | 0.0 | 5.850% - 6.250% |
| | Note: Additional fees may be associated with Renovation Programs |
| N/A | 3.000 | 0.0 | 3.100% - 3.500% |
Please scroll down on the right for additional Mortgage Program Interest Rates.