Connecticut Downpayment Assistance Program (DAP) Checklist
A step-by-step checklist for consumers applying for the Connecticut Downpayment Assistance Program (DAP) in 2025.
Verify Your Eligibility
- Ensure your household income falls within the program’s limits, which vary by county and family size.
- Confirm that your credit score meets the minimum requirement for the program, typically 620 or higher. Additional conditions may be outlined by your assigned Loan Officer.
- Verify that the property you plan to purchase is within the program’s price cap and will serve as your primary residence.
- Check if you meet additional requirements, such as being a first-time homebuyer, a qualified veteran, or purchasing in a targeted area.
Prepare Necessary Documentation
- Collect proof of income, including recent pay stubs, W-2 forms, or verification of other income sources.
- Gather your tax returns for the past two years, including all schedules and attachments.
- Obtain bank statements covering the last two to three months for all financial accounts.
- Prepare property details, including the address, purchase agreement, and sale price.
- Compile any additional documents requested by your Loan Officer, such as verification of debts, liabilities, or proof of assets.
Work with Your Assigned Loan Officer
- Your assigned Loan Officer will guide you through the application process for the Connecticut Downpayment Assistance Program (DAP).
- Schedule a meeting or phone call with your Loan Officer to confirm eligibility, discuss program details, and outline the next steps.
- Ask any questions about the program benefits, required documentation, or the timeline for approval.
- Follow your Loan Officer’s guidance to gather and submit all required materials promptly and accurately.
Complete Your Application
- Collaborate with your Loan Officer to accurately complete the application for the DAP program.
- Submit all required documents to verify your eligibility for down payment assistance.
- Carefully review your application with your Loan Officer to ensure it is complete and ready for submission.
- If necessary, attend a homebuyer education course to fulfill program requirements.
Finalize Your Enrollment
- Sign all required documents provided by your Loan Officer to secure your participation in the program.
- Prepare to cover any additional costs not included in the program assistance, such as closing fees or prepaid items.
- Receive confirmation of your enrollment and detailed instructions on how the assistance will be applied to your down payment or closing costs.
Maintain Compliance with Program Terms
- Ensure the purchased property remains your primary residence for the duration specified by the program guidelines.
- Notify your Loan Officer immediately if you plan to sell, refinance, or make changes to your mortgage, as these actions could affect your program benefits.
- Stay informed about program updates or changes to maintain compliance and retain your assistance benefits.