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Homebuyer Mortgage Interest Rates

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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 applying for a CHFA loan with one of our CHFA- Participating Lenders, are able to lock in an attractive rate for 90 days.

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.

ProgramGovernment InsuredNon-Government InsuredOrigination FeeAnnual Percentage Rate Range
HFA Preferred Loan Program
N/A6.8750.06.975% - 7.375%
HFA Advantage Loan Program
N/A6.8750.06.975% - 7.375%
CHFA Conventional AMI Loan Program (CALP)
N/A6.8750.06.975% - 7.375%
Homebuyer Mortgage Program
6.375N/A0.06.475% - 6.875%
Down Payment Assistance Program (DAP)
N/A1.0000.01.100% - 1.500%
 Note: New interest rate in effect for loan Reservations dated April 30, 2021 thru December 31, 2022. Up to a $250.00 Application Fee payable to the Lender. Additional fees may apply.
Time To Own - Forgivable Down Payment Assistance Program "New"
N/A0.000N/AN/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,
Military Homeownership Program
6.2506.7500.06.350% - 7.250%
Teachers Mortgage Assistance Program
6.2506.7500.06.350% - 7.250%
Police Homeownership Program
6.2506.7500.06.350% - 7.250%
203(k) Standard Rehabilitation Mortgage
6.375N/A2.56.475% - 6.875%
203(k) Limited Rehabilitation Mortgage
6.375N/A1.56.475% - 6.875%
 Note: Additional fees may apply to the FHA 203(k) Rehabilitation Programs.
Home of Your Own Program
6.2506.7500.06.350% - 7.250%
Homeownership Program
6.2506.7500.06.350% - 7.250%
Mobile Manufactured Home Loan Program
N/A6.8750.06.975% - 7.375%
Mobile Manufactured Home Refinance Program
N/A1.0000.01.100% - 1.500%

Please scroll down on the right for additional Mortgage Program Interest Rates.

 
 
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