Downpayment Assistance Program for First Time Homebuyers in Connecticut
Page 2

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
  Back to Page 1

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

California Housing Finance Agency
The California Housing Finance Agency, otherwise known as CalHFA, is an independent, self-supporting agency that was chartered to as the State's affordable housing bank to make low interest rate loans through the sale of tax-exempt bonds; with these bonds being repaid by revenues generated through mortgage loans, instead of taxpayer dollars.

---

Grants From the Department of Housing and Urban Development
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 environmental grants and grants for youth programs.

---

Rural Community Development Initiative
The Rural Community Development Initiative can be awarded to legally qualified private, public, and tribal groups or organizations that have the experience and capability of providing training and technical assistance to nonprofit community-based housing and community development organizations, as well as low income rural communities.

---

Government Grants for Housing Assistance
Do you have a bad credit record but want to get a house? the government just might help. Read this!...

---