CHFA Down Payment Assistance Program (DAP) Loan

Connecticut Housing Finance Authority offers Down Payment Assistance Program (DAP) Loan to first-time buyers in Connecticut: up to 4% of the price or value, at most $15,000, as a repayable loan.

Amount: Up to 4% of the price or value, at most $15,000
Kind of help: Repayable loan
First-time buyers only: Yes, with exceptions
Homebuyer course: Required

How is CHFA Down Payment Assistance Program (DAP) Loan paid back?

Repayable loan: a second mortgage you pay back each month, at the same rate as your main home loan but never above 5%.

A repayable loan is a small second mortgage you pay off each month, usually in the same payment as your main home loan.

Who qualifies for CHFA Down Payment Assistance Program (DAP) Loan?

Your income must be within CHFA income limits.
First-time buyers only: yes, with exceptions.
A homebuyer education course before you buy.
It comes with a CHFA mortgage from a CHFA-Participating Lender.

Most limits follow your county and household size. Our HUD income limits lookup shows your area's median income and where your household sits.

How to apply for CHFA Down Payment Assistance Program (DAP) Loan

Connecticut Housing Finance Authority pays this help out through its approved lenders, so you apply with one of them, together with your home loan.
The lender checks your income, credit and the home against the program's rules and reserves the money for you.
The help is paid at closing, toward your down payment and closing costs.

Read the full rules and whether it is taking applications on Connecticut Housing Finance Authority's page for Down Payment Assistance Program (DAP) Loan, or pick a lender from the agency's list of participating lenders.

Ask a lender about CHFA Down Payment Assistance Program (DAP) Loan

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

Rather not call? Send your details and the lender will reach you.

Other first-time buyer programs in Connecticut

CHFA Time To Own - Forgivable Down Payment Assistance: up to $25,000, forgivable loan.
CHFA Next Move with Deferred Down Payment Assistance Program: up to 3.5% of the home loan, deferred loan.
CHFA Homeownership Mortgage for Residents of Public Housing: enough to cover the down payment, repayable loan.

All Connecticut first-time home buyer programs · Down payment assistance in every state