CHFA Loans otherwise known as “CHAFA” is Connecticut’s #1 Mortgage Program for “First Time Homebuyers”. This special first time homebuyer program offers a low fixed rate 30 year mortgage, and down payment assistance to make the dream of homeownership more affordable for individuals and families looking to purchase a home in the state of Connecticut.
Eligible Properties - CHFA loans may be used to purchase an existing one- to four-family home, mobile homes, a newly constructed single family home, or a newly constructed two-family home. They can also be used to purchase condominiums.
Downpayment Assistance Program (DAP) - The Downpayment Assistance Program (DAP) provides homeownership opportunities to eligible buyers who are unable to provide their own down payment. Applicants may also be eligible to borrow funds to pay their closing costs.
“CHFA Not Just For First Time Homebuyers”
CHFA Loans are also available to homebuyers who have not had an ownership interest in a home for the previous 3 years. Prior homeowners can still qualify for a CHFA mortgage if the home they purchase is within an area that is designated by the Connecticut Housing Finance Authority.
"Pre-approval For the CHFA Loan Program Is Simple And Free!".
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