Homeownership Program for First Time Homebuyers in Connecticut
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In order to be deemed eligible to submit an application under the program, a borrower must satisfy the following eligibility requirements:

1) First time homebuyers tenants who meet the minimum credit, income, and employment criteria

2) Tenants who are presently receiving assistance under the Section 8 Rental Assistance Program, the Department of Developmental Services or the State Moderate Rental Program

3) Tenants residing in properties managed by the CHFA or a municipal housing authority

4) Tenants residing in CHFA-financed rental properties

5) Tenants residing in HUD-subsidized housing

In addition, the types of properties that covered under the Homeownership Program are limited to the following:

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

2) Newly built homes that meet the energy efficiency standards that are set by the Federal Housing Authority

3) Condominiums that are approved by the CHFA

4) Two- to four-family homes which have been utilized as residences for the past five years or newly constructed two-family homes that is located in a Targeted Area

5) Selected mobile homes that meet the criteria of the CHFA.

If you are an interested borrower and you wish to find out more about this progra, you can visit CHFA's official website at www.chfa.org.

Homeownership Program for First Time Homebuyers in Connecticut
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About The Author Michael Saunders is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs. He 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 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.

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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.

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First Time Homebuyer Programs in New York
The State of New York cares so much about its people. It looks out for them and constantly ascertains that their best interest is always protected. One of the ways in which the state has manifested this concern is through the establishment of the State of New York Mortgage Agency, more commonly referred to as SONYMA, which is a public authority established in 1970 designed to provide reasonable and affordable home-ownership opportunities to low and moderate income New Yorkers, especially to first time home buyers.

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Down Payment Assistance Loan for First Time Home Buyers in New York
In line with this, The State of New York Mortgage Agency has been running the Down Payment Assistance Loan Program (DPAL) wherein it intends to help first time home buyers overcome the setbacks brought about by down payments and closing costs.

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