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

Rehabilitation Mortgage Insurance Program
The Department of Housing and Urban Development, otherwise known as HUD, is a Cabinet department in the executive branch of the United States federal government.

---

Keystone Home Loan PLUS Program
The Pennsylvania Housing Finance Agency, otherwise termed as PHFA, is an independent agency established in year 1972 in an attempt to assist the provision of reasonable and affordable housing opportunities the elderly, persons and families of modest means, and people suffering from disabilities.

---

Homeownership Program for First Time Homebuyers in Connecticut
The Connecticut Housing Finance Agency has established the Homeownership Program wherein it intends to provide reasonable home loans with below-market interest rates to tenants occupying publicly assisted housing who wish to transition from renting into homeownership.

---

First Time Homebuyer Programs in Delaware
In the year 1968, The Delaware State Housing Authority was created as a public corporation under the Delaware State Department of Housing. The move was inspired by the need to address the concerns of the people in Delaware who seek homebuying-associated assistance.

---