Key features and highlights of CHFA programs:

• Offers home financing assistance to low- and moderate-income potential homebuyers
• Diverse programs available, including down payment assistance opportunities
• Available for existing single-family homes, 2-to-4 family homes, and condominiums

What is the Connecticut Housing Finance Authority?

Created in 1969 by the Connecticut State Legislature, the Connecticut Housing Finance Authority (CHFA) is used by low- and moderate-income families and individuals to access affordable housing.

Eligible first-time homebuyers who are also Connecticut residents may qualify for CHFA’s variety of mortgage solutions at competitive or below market interest rates. Other special loan programs are also offered to eligible borrowers who live in the communities they work or eligible renters who receive public assistance. For qualified borrowers who do not have sufficient funds for a down payment or closing costs, there is also a down payment assistance program (DAP).

How Do CHFA Programs Work?

CHFA offers a variety of homeownership programs to eligible first-time homebuyers.

By meeting with a CHFA-approved Participating Lender, such as Homestead Funding, we can determine if you qualify for a CHFA mortgage program and meet the eligibility requirements. There are even special discounts or loan programs for teachers, military personnel, police officers, and people with disabilities that are eligible homebuyers!

There are income and sales price limits on home purchase through CHFA programs, depending on whether the geographic area is a high or very high opportunity area. For more information about limits by county, please view the CHFA Resource Map.

For more detailed information about CHFA, please visit their website.

You May Benefit from a CHFA loan if you:

• Are a renter who would like to own their own home
• Need a more lenient credit score requirement
• Require down payment assistance

_{Grants may be subject to the following: Income or income ratio restrictions may apply. Geographic location restrictions may apply. Loan product may be subject to grant terms. McGlone Mortgage does not award grant money or make the decisions about who receives grant funds. This is merely provided for informational purposes in order for potential borrowers to contact grantees.}