CHFA Homeownership Mortgage for Residents of Public Housing
Connecticut Housing Finance Authority offers Homeownership Mortgage for Residents of Public Housing to home buyers in Connecticut: covers the down payment, as a repayable loan.
- Amount
- Covers the down payment
- Type of help
- A loan you repay
- Limited to first-time buyers
- No
- A course for homebuyers
- Required
How do you repay the CHFA Homeownership Mortgage for Residents of Public Housing?
You pay back this repayable loan, a second mortgage with low interest.
With a repayable loan, you take on a small second mortgage and pay it off monthly, usually as part of your main home loan payment.
Who is eligible for CHFA Homeownership Mortgage for Residents of Public Housing?
- Living in public housing or getting rental assistance is required.
- Being a first-time buyer isn't required.
- Before you buy, you take a homebuyer education course.
Your county and household size set most of the limits. Use our HUD income limits tool to see the median income in your area and where your household falls.
CHFA Homeownership Mortgage for Residents of Public Housing: how to apply
- You apply for this help and your home loan with one approved lender, since Connecticut Housing Finance Authority pays out through those lenders.
- First the lender checks your income, your credit and the home, all against the program's rules, then it sets your money aside.
- At closing, the help is paid toward your down payment and your closing costs.
You can read the full rules and check whether it is taking applications through Connecticut Housing Finance Authority's page for Homeownership Mortgage for Residents of Public Housing, or find a lender on the agency's list of participating lenders.
CHFA Homeownership Mortgage for Residents of Public Housing: ask a lender
Tell us where you're buying and a lender that works with Connecticut's programs can tell you whether CHFA Homeownership Mortgage for Residents of Public Housing fits you, and what you could combine with it.
Prefer not to phone? Share your details and the lender will be in touch.
More Connecticut programs for first-time buyers
- CHFA Down Payment Assistance Program (DAP) Loan:
A repayable loan of up to 4% of the home's price or value, no more than $15,000.
- CHFA Time To Own - Forgivable Down Payment Assistance:
A forgivable loan of up to $25,000.
- CHFA Next Move with Deferred Down Payment Assistance Program:
A deferred loan here is limited to 3.5% of the mortgage amount.
Every Connecticut first-time home buyer program · Down payment help in every state