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MyHomeCT - Frequently Asked Questions

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Under the American Rescue Plan Act of 2021, Connecticut has been awarded approximately $123 million to establish MyHomeCT, a program funded by the Homeowner Assistance Fund. The goal of MyHomeCT is to cure mortgage delinquencies and defaults, and prevent foreclosures among eligible homeowners that occurred as a result of the COVID-19 pandemic. The program also includes assistance for qualified non-mortgage expenses including, but not limited to, non-escrowed real estate taxes and insurance as well as condominium or homeowners' association fees.

The CT Department of Housing is the responsible entity for the program, and has designated the Connecticut Housing Finance Authority (CHFA) to administer it on its behalf.

 

Frequently Asked Questions

Here are some frequently asked questions regarding the MyHomeCT program on topics such as eligibility, the application process, and funding/payment.

  Eligibility

You must meet the following criteria to be eligible:

• Applicants must have experienced a financial hardship after January 21, 2020, including, but not limited to, job loss, reduction of income, need to care for a family member, or material increase in living expenses related to the COVID-19 pandemic. Applicants may have experienced a previous hardship that is continuing due to the COVID-19 pandemic.

• Assistance for a delinquency prior to January 21, 2020 is capped to three months.

• Homeowner must live in the state of Connecticut and occupy the property as their primary residence.

• Property must be an owner-occupied 1-to-4 unit house, condominium or manufactured home.

• Homeowners applying for mortgage assistance must have a mortgage that had a principal balance at or below the Federal Housing Finance Agency’s conforming loan limits for Fannie Mae and Freddie Mac at time of origination.

• Household income must be equal to or less than 150% area median income (AMI), adjusted for household size. Visit AMI resource page to determine your AMI based on your town/city and household size.

You may qualify for additional assistance under the MyHomeCT program. The combined award cannot exceed the program maximum of $50,000.

Mortgage Assistance Programs:

One-time: mortgage reinstatement for homeowners who have an arrearage but have the ability to make continued monthly payments.

On-going: Up to 12 months of monthly mortgage assistance for homeowners who are unable to make their payments going forward. Applicants may have an arrearage, or they may be current.

Non-Mortgage Assistance Programs:

One-time: one-time reinstatement of non-mortgage qualified expenses for homeowners who have an arrearage but have the ability to make continued payments.

On-going: Up to 12 months of assistance for homeowners who are unable to make their non-mortgage qualified expense payments going forward.

• Non-escrowed real estate taxes (2018 Grand List forward)

• Condominium and/or homeowners’ association fees

• Condominium/homeowners’ association special assessments

• Ground lease or lot payments

• Non-escrowed homeowners’ insurance and flood insurance

• Fees that were advanced by the loan servicer on behalf of an applicant with a reverse mortgage

• Water and sewer liens

Missed mortgage payments after October 21, 2019 may be eligible under MyHomeCT. If a homeowner’s mortgage delinquency started before October 21, 2019, they may be eligible for assistance through other programs and services offered by CHFA. Visit the Foreclosure Prevention Resources page on CHFA’s website to explore other foreclosure prevention services available free of charge.

Yes, as long as this home is the homeowner's primary residence and the homeowner is otherwise eligible for assistance.

An eligible homeowner can only apply for assistance for their primary home. Second homes, vacation homes or investment properties are not eligible for assistance under MyHomeCT.

Yes. Eligible hardships related to COVID-19 include but are not limited to job loss or other reduction in income, increased costs due to healthcare, increased costs due to the need to care for a family member, increased child care costs and increased expenses due to quarantine.

Unemployed homeowners are eligible for MyHomeCT.

To be eligible for MyHomeCT, the applicant must have an ownership interest in the property.

If you are currently in active Bankruptcy and are approved for this program, you will be required to obtain permission from the Bankruptcy Trustee/Bankruptcy Court confirming you are permitted to receive grant funds from this program. Please be advised that your mortgage lender/servicer may object to your participation.

Currently, delinquent utility bills are not eligible for assistance.

Yes, a homeowner is eligible to apply for MyHomeCT regardless of foreclosure status.

• First primary lien (i.e. 1st mortgage)

• Reverse Mortgage

Assistance is not available for any subordinate lien (i.e. 2nd mortgage).

  Application Process

The application will be available online through the application portal which can be found by visiting: www.chfa.org/myhomect.

The MyHomeCT program is expected to be open to homeowners in early 2022. Click here to receive updates and be notified when the full MyHomeCT program will begin accepting applications.

  Funding & Payment

Homeowners may be eligible for one or more grants, not to exceed the MyHomeCT program maximum award of $50,000.

No, the program is in the form of a grant.

All assistance payments will be made on behalf of the homeowner directly to the mortgage servicer or other party to whom the funds are owed.

Further questions? Please email myhomect@chfa.org or call 860-727-6888.

  

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Resources and Tools

Check out the Additional Resources for the MyHomeCT program.

MyHomeCT

MyHomeCT Home page.

  

  

  

 
 
 
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