Downpayment Assistance Program for First Time Homebuyers in Connecticut
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With this, the CHFA is offering the Downpayment Assistance program in order to help address this concern. The program can be used in conjunction several other homebuyer program offered by the CHFA.

The minimum amount of that can be provided by the program is $3,000 while the maximum is 25% of the actual price of the property in focus.

In order to qualify for the program, a borrower must satisfy the eligibility requirements set by the CHFA:

1) Must be a First time homebuyer (someone who has not occupied or owned a home for last three years

2) Must be a homebuyer (aside from first time homebuyers) who is planning to acquire a home in a targeted area

3) Must be a homebuyer whose income does not exceed the limits set by CHFA

4) Must be a homebuyer who has a good credit rating and credit history

5) Must be a homebuyers with a stable job and sufficient income that would cover long-term mortgage payments

6) Must be a homebuyer who can afford to pay the $200 program application fee

7) Must be a homebuyer who is willing to participate in a free 3-hour homebuyer education class before closing on the loan.

If you wish to read more about the Downpayment Assistance Program, you can visit the CHFA's official website, send an email to the CHFA's single family underwriting department, or contact the CHFA head office.


Downpayment Assistance Program for First Time Homebuyers in Connecticut
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About The Author Iola Bonggay is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs. She also maintains Websites providing resources on grants for youth programs and home improvement grants.

Additional Resources

category - Home Buying Programs

First Time Homebuyer Programs in District of Columbia
The Department of Housing and Community Development, more commonly referred to as DHCD, is a local government agency in the District of Columbia that is primarily responsible for increasing quality housing and community development opportunities.

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Downpayment Assistance Program for First Time Homebuyers in Connecticut
The Connecticut Housing Finance Authority has been running the Downpayment Assistance Program in order to financially assist first time home buyers in the process of covering the downpayment and closing costs of purchasing a home.

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First Time Homebuyer Programs in California
The programs of CalHFA are constantly guided by its overall agency mission which is to "finance below market rate loans to create safe, decent and affordable rental housing and to assist first-time homebuyers in achieving the dream of homeownership."

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Keystone Home Loan PLUS Program
The Pennsylvania Housing Finance Agency has constituted the estbalishment of the Keystone Home Loan PLUS Program wherein it aims to offer the lowest PHFA interest rate to first time home buyers in the State of Pennsylvania.

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