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Homebuyers
Understand the basic steps to becoming a homeowner.
Homeowners
Are you experiencing financial hardship? CHFA has programs that may help you.
Lenders
Real Estate Agents
Counselors
Developers
Owners and Property Managers
**Rates are subject to change. Additional fees may apply.
CHFA's top three loans offer competitive incentives that help home seekers become homeowners. Contact a CHFA-Approved Lender to find out which mortgage is best for you.
Lower mortgage insurance premiums will reduce your monthly payments with these loan programs. Mortgage insurance premiums stop once your equity in the home reaches 20%.
Below-market interest rate mortgages along with a CHFA Downpayment Assistance Program loan to eligible applicants, makes the dream of homeownership more affordable.
If you can afford monthly mortgage payments but don't have enough saved for the down payment, a DAP loan can help you make the switch from renting to owning a home. About 50% of CHFA borrowers take advantage of the DAP program.
Certain areas of Connecticut are designated "targeted areas" based on IRS guidelines . If you purchase a home in a federally designated "targeted area," you will receive an additional 0.25% discount on CHFA's published interest rate. The first-time homebuyer* requirement is waived and the income limit is waived, unless you are also using Downpayment Assistance Loan Program funding. Borrowers cannot combine the Target Area discount with any other discount rate.
Learn more about Targeted Areas in Connecticut.
*A first-time homebuyer is also defined as someone who has not owned a home in the past three years.