CHFA Loan

The CHFA loan is a Connecticut specific program that is made available through the Connecticut Housing Finance Authority (CHFA). The CHFA program provides home ownership opportunities to low- and moderate-income families throughout the state. Qualified borrowers must fit the Authority’s criteria in order to participate in the program, including loan and income limits. Borrowers benefit from low interest rates, an easy lending process, and low down payments. It offers home ownership opportunities to those who might not benefit from conventional lending programs.

CHFA product benefits:

• Down payment may be as low as three percent, and, if eligible, 100% financing including closing cost may be available.
• Flexible approval process and underwriting.
• Various programs and benefits for Teachers, Police Officers and many others.
• The interest rate is fixed for 30 years offering a steady reliable payment.
• Homebuyer Education required on some programs.
  

More CHFA Information

The CHFA Loan program is not for everyone, and there are other options available based on your specific needs. If you would like to speak with someone to see if CHFA Loan program is right for you please call 1-800-743-9233 or click here.

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