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Buying a first home in Connecticut can be a financial challenge. Help is available for first-timers, whether they’re shopping for a New Britain colonial, a New Haven condo or a New London cottage. Since 1969, the Connecticut Housing Finance Authority, or CHFA, has assisted low- to moderate-income with below-market-rate mortgages and. CHFA considers you a first-time buyer if you have not owned a home within three years.
Many first-time home buyers take advantage of these national loan programs, which feature low down payment or flexible credit requirements. These loans are available nationwide through most lenders.
Connecticut offers first-time home buyers several ways to afford a home in the Constitution State. And, for those eligible, down payment assistance is available with some loans.
If these loans and programs sound like a fit for you, check out the details at the . The next step is to contact one of the many who can see whether you qualify and help you apply. Also, be sure to explore every option. Ask your city’s or town’s community development department if it has other down payment assistance grants or low-interest loans.
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