Don’t break the bank with your first home purchase!

The CHFA homeownership programs create affordable homeownership possibilities for eligible Connecticut homebuyers.

Key features and highlights of CHFA programs:

• Provide home financing assistance to low- and mid-income 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?

The Connecticut Housing Finance Authority (CHFA) was created in 1969 by the Connecticut State Legislature to ensure people with low- and moderate-income have more opportunities to access affordable housing.

CHFA offers a wide variety of loans at competitive or below-market interest rates to eligible first-time homebuyers. They also offer special programs to assist renters who receive public assistance move responsibly into homeownership in the communities where they work.

How Do CHFA Programs Work?

CHFA offers several programs to eligible first-time homebuyers who are looking to purchase homes in areas targeted for revitalization, such as the CHFA Down Payment Assistance Program and CHFA Time to Own – Forgivable Down Payment Assistance program.

By meeting with a CHFA-approved Participating Lender, such as McGlone Mortgage, 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 home buyers!

There are income and sales price limits for home purchases through CHFA programs. These limits depend on whether the geographic area is considered in high or very high opportunity areas. For more information about limits by county, please view here.

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

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 Group 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.