48 Meriden Rd, Suite 1, Middlefield, CT 06455

Connecticut CHFA First Time Mortgage Loan Program

CHFA Mortgage Loans

Connecticut Housing Finance Authority (CHFA Mortgage) is  Connecticut ’s Premier  Mortgage Program for “First Time Homebuyers”. This special first time homebuyer program offers a low fixed interest rate mortgage.  Furthermore, it provides down payment assistance to help you purchase the home of your dreams.
CHFA Mortgage Loans are available to homebuyers who have not had an ownership interest in a home for the previous 3 years. Prior homeowners may qualify for a CHFA mortgage if the home they purchase is within  an area that is designated by CHFA as a targeted area.  Household income limits, which vary by town, apply to all borrowers.
Furthermore, CHFA Mortgages are for 1-4 unit properties.  They can  also be used to purchase condominiums that are on the CHFA eligible condominium list. All properties must be owner occupied for the reason that CHFA loans are not available for investment properties.

Understanding the DAP Program

The Down-payment Assistance Program (DAP) provides homeownership opportunities to eligible buyers who are  unable to provide their own down-payments. Applicants may also be eligible to borrow funds to pay their closing costs.  Furthermore, the DAP underwriting guidelines have the same requirements as the CHFA guidelines.


Similarly to CHFA Loans, we offer other First Time Home Buyer Mortgage Programs in Connecticut.  We also offer USDA Loans, FHA Loans, VA Loans, and Conventional Mortgages.  While some of the characteristics of these loans are different to CHFA, they all offer great incentives for First Time Home Buyers. 


Call me today for a free consultation or click here to start the pre-approval process.





Drew Raney/President
210 South Main ST. Middletown, CT




Company NMLS#117273 





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