48 Meriden Rd, Suite 1, Middlefield, CT 06455

Connecticut CHFA Mortgage Program

CHFA Mortgage Program

First of all, Connecticut’s CHFA Mortgage Program is truly one of the best home purchase programs in the country.  In addition, the Connecticut Housing Finance Authority (CHFA) is Connecticut ’s Premier Mortgage Program for “First Time Homebuyers”. This program offers a low fixed interest rate mortgage and down payment assistance.  This makes the dream of homeownership more affordable for individuals and families looking to purchase a home in the state of Connecticut.  The process is also very easy.


Who Can Get a CHFA Mortgage?

CHFA Mortgages are available to homebuyers who have not had an ownership interest in a home for the previous 3 years. Furthermore, prior homeowners may qualify for CHFA if the home they purchase is within a designated area. Household income limits (which vary by town) apply.

CHFA Mortgages may be used to purchase 1-4 unit homes, mobile homes, or condominiums.  These properties can also be new constructions. Finally, all properties must be owner occupied and CHFA loans are not available for investment properties.

100% Financing?

The Down-payment Assistance Program (DAP) provides homeownership opportunities to eligible buyers who are unable to provide their own down-payments.  As well, there are some credit score requirements when applying for the DAP.  A DAP loan must be used in conjunction with a CHFA first mortgage.

For more information, please contact me today for a free consultation.  We are more than happy to meet with you in person or discuss your mortgage needs over the phone.  The pre-approval process is easy and can be done the same day.


Thank you for reading this overview and we look forward to speaking with you.


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



Company NMLS#117273

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