Homebuyer Mortgage Program for First Time Homebuyers in Connecticut
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1) A first time homebuyer (someone who has not occupied or owned a home for last three years

2) Homebuyers (aside from first time homebuyers) who are planning to acquire a home in a targeted area

3) Homebuyers whose income does not exceed the limits set by CHFA

4) Homebuyers who have a good credit rating and credit history

5) Homebuyers who have a stable job and sufficient income that would cover long-term mortgage payments.

The types of properties that can be acquired under the Homebuyer Mortgage Program are the following:

1) Existing and new single-family homes, townhouses and Planned Unit Developments

2) Newly established homes that meet FHA’s energy efficiency standards

3) Condominiums that are approved by the CHFA

4) Two- to four-family homes which have been utilized as a residence for the past five years or newly built two-family homes in a CHFA targeted area

5) Mobile homes that are approved by the CHFA

6) Any of the following homes stated above that does not exceed the purchasing limits that are set by the CHFA.

Aside from the Homebuyer Mortgage Program, borrowers can also avail of other CHFA homebuyer programs such as the Downpayment Assistance Program which can be used in conjuction with the Homebuyer Mortgage Program.

Homebuyer Mortgage 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 community grants and health grants.

Additional Resources

category - Home Buying Programs

Connecticut Housing Finance Agency Mortgage Programs for Military, Police and Teachers
The Connecticut Housing Finance Agency has established the Mortgage Programs for Military, Police and Teachers so as to provide reasonable housing opportunities to veterans and active duty service members of the United States Military, the National Guard, along with teachers and police officers who are assigned in under-served areas.

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FirstHome Mortgage Program in North Carolina
One of the programs of the agency is the FirstHome Mortgage Program wherein they seek to offer 30-year fixed interest rate mortgages to first time home buyers in the State of North Carolina.

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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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First Time Homebuyer Programs in New Hampshire
The State of New Hampshire gives great importance to the welfare and safety of its people. One of the ways of showing this is through the establishment of the New Hampshire Housing Finance Authority, which is specially designed to assist low to moderate income residents of New Hampshire in the process of procuring safe and affordable housing opportunities.

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