CHFA Down Payment Assistance Program (DAP) Loan

Connecticut Housing Finance Authority offers Down Payment Assistance Program (DAP) Loan to first-time buyers in Connecticut: as much as 4% of the price or value, but no more than $15,000, as a repayable loan.

Amount: As much as 4% of the price or value, but no more than $15,000
Type of help: A loan you pay back
Limited to first-time buyers: Yes, but some exceptions apply
A course for homebuyers: Required

How do you pay back the CHFA Down Payment Assistance Program (DAP) Loan?

This help is a second mortgage with monthly payments; its rate matches your main home loan and is never above 5%.

Each month you pay down this small second mortgage, typically in the same payment that covers your main home loan too.

Who can get a CHFA Down Payment Assistance Program (DAP) Loan?

CHFA sets income limits and your income must stay within them.
Only for first-time buyers: yes, though exceptions exist.
Before you buy, you take a homebuyer education course.
A CHFA-Participating Lender provides the CHFA mortgage that accompanies it.

Your county and household size determine most limits. Use our HUD income limits tool to see the median income in your area and how your household compares.

Applying for CHFA Down Payment Assistance Program (DAP) Loan

Because Connecticut Housing Finance Authority sends this help through approved lenders, you apply with one of them when you get your home loan.
After checking your credit, income and the home under the program's rules, the lender reserves that money on your behalf.
At closing, the help goes toward your closing costs and down payment.

Use Connecticut Housing Finance Authority's page for Down Payment Assistance Program (DAP) Loan to see the full rules and if applications are open. You can also choose a lender through the agency's participating lender list.

CHFA Down Payment Assistance Program (DAP) Loan: what to ask a lender

Tell us where you're buying and a lender that works with Connecticut's programs can tell you whether CHFA Down Payment Assistance Program (DAP) Loan fits you, and what you could combine with it.

Call 866-602-7460

Don't feel like calling? Share your details and the lender will reach out.

Connecticut's other first-time buyer programs

CHFA Time To Own - Forgivable Down Payment Assistance:
Forgivable loan of up to $25,000.
CHFA Next Move with Deferred Down Payment Assistance Program:
Deferred loan, never more than 3.5% of your home loan amount.
CHFA Homeownership Mortgage for Residents of Public Housing:
A repayable loan large enough to cover the down payment.

Down payment help in every state · All Connecticut programs for first-time home buyers