Bootcamp For Buyers

First Time Homebuyer Programs in Connecticut

Connecticut provides a variety of first-time homebuyer programs through the Connecticut Housing Finance Authority (CHFA). These initiatives aim to make homeownership more affordable with down payment assistance, low-interest loans, and supportive services.

CHFA Homebuyer Mortgage Program

The Homebuyer Mortgage Program offers competitive fixed-rate loans for eligible first-time buyers.

  • Provides a 30-year fixed-rate mortgage with below-market interest rates.
  • Income and sales price limits vary by region.
  • Available to first-time homebuyers or those purchasing in targeted areas.

Downpayment Assistance Program (DAP)

The Downpayment Assistance Program provides low-interest loans to help cover down payment and closing costs.

  • Loans are repayable over 30 years alongside the first mortgage.
  • Available to buyers who meet CHFA’s income and credit criteria.
  • Can be combined with the Homebuyer Mortgage Program for added affordability.

Military Homeownership Program

This program offers special benefits for active-duty military, veterans, and National Guard members.

  • Features discounted interest rates and flexible eligibility requirements.
  • Can be paired with CHFA’s down payment assistance options.
  • Must meet CHFA’s income and purchase price guidelines.

With these programs, Connecticut residents can access the support they need to make their first home purchase more affordable and manageable. Take advantage of these opportunities to achieve your homeownership goals.