Homebuyer Mortgage Program for First Time Homebuyers in Connecticut

by:

The Connecticut Housing Finance Authority, more commonly termed as CHFA, is a self-supporting quasi-public housing agency in the State of Connecticut that was created in the year 1969 in an attempt to address the concerns regarding the lack or insufficient supply of affordable housing opportunities for Connecticut’s low- and moderate-income families and individuals.

The programs of the CHFA are thoroughly designed to contribute to the realization of its mission which is to "help alleviate the shortage of affordable housing for low- and moderate-income families and persons in Connecticut, and when appropriate, to promote or maintain the economic development of the State through employer-assisted housing efforts."

In line with this mission, the Connecticut Housing Finance Authority has been administering the Homebuyer Mortgage Program for First Time Homebuyers. The program is capable of offering home loans and below-market interest rates to first time homebuyers who reside in Connecticut and who are planning to acquire a property that is located in Connecticut.

Among all the features of the Homebuyer Mortgage Program, the most notable ones are its low interest rates (Interest rate: 3.375%**/APR range 3.475 - 3.875%), fewer mortgage fees, and a fixed-rate 30-year mortgage payment plan.

In order to qualify for the Homebuyer Mortgage Program, a borrower must be:   (continued...)

Homebuyer Mortgage Program for First Time Homebuyers in Connecticut
  Page 2

About The Author

Iola Bonggay is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs.

She also maintains Websites providing resources on community grants and health grants.




Additional Government Grants Resources


California Housing Finance Agency
The California Housing Finance Agency, otherwise known as CalHFA, is an independent, self-supporting agency that was chartered to as the State's affordable housing bank to make low interest rate loans through the sale of tax-exempt bonds; with these bonds being repaid by revenues generated through mortgage loans, instead of taxpayer dollars.


Combating Autism Act Initiative: National Interdisciplinary Training Resource Center Program
In keeping with this mission, the Health Resources and Services Administration has recently announced the establishment of the Combating Autism Act Initiative: National Interdisciplinary Training Resource Center Program wherein it aims to solicit applications from eligible entities that seek to run and manage a National Interdisciplinary Training Resource Center.


Downpayment Assistance Program for the First Time Home Buyers in North Carolina
The programs and activities of the North Carolina Housing Finance Agency are constantly geared towards the satisfaction of the best interest of its target population, which is why all their endeavors are carefully guided by their overall agency mission which is "to create affordable housing opportunities for North Carolinians whose needs are not met by the market."


2013 Mid-Atlantic Research Set-Aside Program
The Mid-Atlantic Fishery Management Council has recently established the 2013 Mid-Atlantic Research Set-Aside Program wherein it intends to solicit proposals that can successfully and efficiently address the Mid-Atlantic Research Set-Aside priorities relating to summer flounder, scup, black sea bass, longfin squid, Illex squid, Atlantic mackerel, butterfish, and bluefish.


Education Grants for Students Interested in Teaching Careers
Teacher Education Assistance for College and Higher Education Grants (TEACH Grants) assist those undergraduate and graduate postsecondary students that agree to teach specific and specific subjects that are in high need at schools that primarily serve disadvantaged populations.


Mechanisms Mediating Osteoarthritis in Aging
The National Institutes of Health, in close cooperation with The National Institute on Aging and the National Institute of Arthritis and Musculoskeletal and Skin Diseases, has recently established a program called Mechanisms Mediating Osteoarthritis in Aging in an effort to improve and encourage the characterization of new and underutilized models in order to gain a deeper understanding of mechanisms that are involved in osteoarthritic progression.


What You Need To Know About Grants.Gov
Grants.gov is one the largest websites that features at least 1,000 grant programs from 26 different federal grant-making agencies in the United States.







Social Entrepreneurship
Spotlight



Europe-wide Call to Support Social Enterprises


Social enterprise leaders throughout Europe are urging local authorities to use their powers to help the third sector grow. During a two-day European Commission event in Strasbourg, councils in member states are called upon to use a variety of methods to support the sector.





Not Ready to Buy Yet?

Find Rental Assistance Programs



Need Repairs for a Home You're Buying?

Find Out About Rehabilitation Money Available







More Federal Domestic Assistance Programs


Help America Vote Act Requirements Payments | Space Operations | Postconviction DNA Testing Program | International Education Training and Research | Intramural Research Training Award |  Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy


Edited by: Michael Saunders

© 2004-2021 Copyright Michael Saunders