Are you a first-time homebuyer in Connecticut searching for valuable resources and assistance programs? Look no further. This comprehensive guide provides a wealth of information specifically tailored to Connecticut residents. Explore a diverse range of specialized programs, including down payment assistance and favorable mortgage options, designed to make homeownership more accessible. Navigate the Connecticut real estate market with confidence and discover the opportunities that await you.
State-Wide Programs
Program | Assistance Offered | Who Should Apply | Assistance Type |
---|---|---|---|
HFA 203(k) Renovation Mortgage Program | Home loan with below market interest rates | First time homebuyers purchasing a property in need of renovations | Loan |
HFA Advantage and HFA Preferred Programs | Home loan with below market interest rates | First time homebuyers that can meet income requirements | Loan |
HFA Disabled Persons Homeownership Program | Home loan with below market interest rates | First time homebuyer wtih a disability or will be living with someone with a disability | Loan |
HFA Down Payment Assistance Program (DAP) Loan | Up to $3,000 in down payment assistance | Must use any household savings above $10,000 towards your downpayment | Second mortgage |
HFA Military Homeownership Program | Home loan with below market interest rates | Active duty military and veterans that are also first time homebuyers | Loan with an additional 0.125% taken off of the interest rate |
HFA Police Homeownership Program | Home loan with below market interest rates | First time homebuyers that are currently employed as a municipal or state Police Officer and buying in a participating city | Loan with an additional 0.125% taken off of the interest rate |
HFA Teachers Mortgage Assistance Program | Home loan with below market interest rates | First time homebuyers that are currently employed in a prioirty school district | Loan with an additional 0.125% taken off of the interest rate |
Live Where You Work Program | Down payment and closing assistance - amount not specified | First time homebuyers purchasing a home in the town they work in and can meet income requirements | Loan |
SmartMove Connecticut | Up to 20% of home sales price that can be used for down payment assistance | First time homebuyers purchasing a home in the service area and can meet income requirements | Second mortgage |
City Programs
City | Program | Assistance Offered | Who Should Apply | Assistance Type |
---|---|---|---|---|
Enfield | First Time Homebuyer Program | Up to $10,000 in down payment and closing cost assistance | First time homebuyers that can meets the income limits | Forgivable/deferred loan with a 0% interest rate |
Fairfield | First Time Homebuyers Assistance Program | Up to $30,000 in down payment assistance, and up to an additional $2,500 towards closing costs | First time homebuyer who meets the income limits | Second mortgage and grant |
Hamden | Down Payment Assistance | Up to $5,000 in down payment assistance | Any resident homebuyer that can meet income requirements | Not specified |
Hartford | HouseHartford Homebuyer Assistance Program | Up to $40,000 in down payment assistance | Any homebuyer that can meet income requirements | Second mortgage |
Middletown | Down Payment Assistance Program | Up to $10,000 in down payment assistance, and up to an additional $3,000 towards closing costs | First time homebuyer that can meet income requirements and has been a resident of Middletown for at least 3 years | Second mortgage and grant |
Milford | CDBG Homeownership Program | Up to $15,000 in down payment and closting cost assistance | First time homebuyers that can meet income requirements | Forgivable loan with a 0% interest rate |
New Haven | Down Payment/Closing Cost Assistance | Up to $10,000 in down payment and closing cost assistance | Not specified | Forgivable loan |
Washington | HDF Down Payment Assistance Program | Up to $10,000 in down payment assistance | Not specified | Second mortgage |
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